Quote:
Originally Posted by Car-Addicted
Not sure it is germane but:
Amazon stock plunges as growth slows
Amazon reported a net loss of $3.8 billion for the quarter ended March 31, a sharp drop 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.
The company attributed the loss largely to a $7.6 billion loss from its investment in electric automaker Rivian Automotive. Rivian, into which Amazon led a $700 million investment in 2019, has seen its stock plummet more than 75% since its blockbuster November 2021 IPO.
https://www.cnn.com/2022/04/28/tech/...oss/index.html
Not sure this whole car thing works well for Amazon?  |
That article is from April 2022