How Amazon is passing on inflation costs
Posted on AllSides May 2nd, 2022
From The Center
REUTERS/BRENDAN MCDERMID
ANALYSIS
The pandemic boom for Amazon is no more. The ecommerce giant reported its first quarterly loss since 2015 on Thursday, sending its share price plummeting.
The company recorded a net loss of $3.8 billion for the first three months of the year as rising prices drove up costs in its consumer marketplace business. During that period, inflationary pressures added approximately $2 billion in expenses to the firm compared to a year ago.
Some content from this outlet may be limited or behind a paywall.
AllSides Media Bias Rating: Center
