Amazon posts loss as online sales falter

Posted on AllSides April 28th, 2022
From The Center
REUTERS

A drop in online sales and rising costs have helped to push Amazon to its first loss since 2015.

Online sales at the e-commerce giant slipped 3% in the first three months of the year, as the boom to its business from the pandemic starts to fade, the firm said Thursday.

Growth in other parts of its business, including cloud computing and advertising, remained strong.

But it is wrestling with the impact of rising costs and the Ukraine war.

Overall, Amazon reported a loss of $3.8bn, much of which was...

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