Amazon reports $4B loss, stock takes a dive

Amazon reports $4B loss, stock takes a dive

2 years ago
Anonymous $xqL1ZTchGQ

https://www.siliconvalley.com/2022/04/28/amazon-reports-4b-loss-stock-takes-a-dive/

Amazon reported a significant loss in the first three months of the year, sending the company’s stock plunging.

The tech giant on Thursday said it had a net loss of $3.8 billion in the quarter ended March 31, a sharp drop in income from the same period last year, when it made an $8.1 billion profit. It was also a big miss from the $4.4 billion profit that analysts surveyed by Refinitiv had forecast.