News > Amazon Reports Rare Quarterly Loss, As Online Shopping Slows
Amazon Reports Rare Quarterly Loss, As Online Shopping Slows
Good Returns | 29/04/2022 12:48 PM | Click to read full article
Amazon has reported its first quarterly loss since 2015, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-vehicle startup.
The Seattle-based e-commerce giant's stock fell 9% on Thursday in after-hours trading.
