Amazon Posts a Loss as Rivian Stock Slide and Fuel Prices Consume Profits – CNET

Amazon swung to a loss in the first quarter as its investment in Rivian Automotive sunk in value, adding to the company’s “non-operating expense” and offsetting revenue that narrowly beat expectation… [+1821 chars]

Read the whole story by Laura Hautala on CNET:

https://www.cnet.com/tech/services-and-software/amazon-posts-a-loss-as-rivian-stock-slide-and-fuel-prices-consume-profits/