Amazon.com published its first quarterly loss in seven years, a result that reflects broad economic trends related to declining online shopping, higher inflation costs and supply chain problems and market turmoil when starting electric vehicles.
The tech giant’s revenue rose about 7% between January and March, the slowest pace in about two decades as consumers returned to their pre-pandemic habits and spent more money in person in stores. It lost $ 3.8 billion in the quarter, compared to $ 8.1 billion a year ago when the jump in online orders over the pandemic raised Amazon’s prospects.
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