Amazon.com posted its first quarterly loss since 2015, after sales growth slowed significantly in the first three months of the year and the company continued to cope with higher costs and stopped online shopping.
The tech giant’s revenue rose about 7 percent in January-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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