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Amazon expected to post first unprofitable year since 2014 and worst loss since the dot-com bust

Por: MarketWatch Politics February 01, 2023

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MarketWatch illustration Amazon’s losses are driven by Rivian Automotive Inc. , which and ; the electric-vehicle maker’s stock plunged in 2022 after Amazon is unlikely to face those paper losses again in future years, and Wall Street projects that Amazon will storm back to more than $17 billion in profit in 2023 by cutting costs and shedding employees it brought on to deal with spiking demand in the first two years of the COVID-19 pandemic.... + full article



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