Q1 Results for Amazon revealed surprising data

SalesMoney Matters
Written By Jennifer Joslyn

For Q1, Amazon has reported a loss of $3.8 billion. With a net income of $8.1 billion in Q1 2021, this was a shocking report.

This may be reasonably explained through the company’s investment purchase of the electric vehicle manufacturer Rivian - meant to compete with the likes of Tesla. Additionally, online sales dropped 3% in Q1, after dropping 1% in the previous Q4. Are you still using your Amazon Prime account or not?

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