Tech giant’s revenues grew at a sluggish 7% in the first quarter to $116.4bn as shoppers switch back to bricks and mortar
Amazon announced its first loss since 2015 on Thursday as sales slowed, costs rose and its investment in electric vehicle company Rivian wiped out profits.
The news sent Amazon’s shares tumbling by 10% in after hours trading.
Continue reading…
Tech giant’s revenues grew at a sluggish 7% in the first quarter to $116.4bn as shoppers switch back to bricks and mortar
Amazon announced its first loss since 2015 on Thursday as sales slowed, costs rose and its investment in electric vehicle company Rivian wiped out profits.
The news sent Amazon’s shares tumbling by 10% in after hours trading. Continue reading…Technology | The Guardian