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Amazon Reports Almost No Profit and Slowing Growth

Summary by Ground News
The company reported $149.2 billion in sales in the three months ending in December. A year ago, Amazon had its most profitable quarter ever, with $14.3 billion in net income. The company indicated the slowing growth and tight margins would continue in the first three months of this year.
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Amazon Reports Almost No Profit and Slowing Growth

Amazon on Thursday reported almost no profit in the latest quarter, with unexpected weakness in its big cloud computing businesses

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  • 100% of the sources lean Right
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DNyuz broke the news in on Thursday, February 2, 2023.
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