{"id":2939,"date":"2022-04-28T00:00:00","date_gmt":"2022-04-28T00:00:00","guid":{"rendered":"https:\/\/www.techsparx.co.uk\/north\/uncategorized\/amazon-sees-first-loss-since-2015-as-shares-tumble-10\/"},"modified":"2025-02-28T14:41:55","modified_gmt":"2025-02-28T14:41:55","slug":"amazon-sees-first-loss-since-2015-as-shares-tumble-10","status":"publish","type":"post","link":"https:\/\/www.techsparx.co.uk\/north\/amazon-sees-first-loss-since-2015-as-shares-tumble-10\/","title":{"rendered":"Amazon sees first loss since 2015 as shares tumble 10%"},"content":{"rendered":"<p>Tech giant&rsquo;s revenues grew at a sluggish 7% in the first quarter to $116.4bn as shoppers switch back to bricks and mortar<\/p>\n<p>Amazon announced its first loss since 2015 on Thursday as sales slowed, costs rose and its investment in electric vehicle company Rivian wiped out profits.<\/p>\n<p>The news sent Amazon&rsquo;s shares tumbling by 10% in after hours trading.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/apr\/28\/amazon-revenue-loss-shares-drop\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech giant&rsquo;s revenues grew at a sluggish 7% in the first quarter to $116.4bn as shoppers switch back to bricks and mortar Amazon announced its first loss since 2015 on Thursday as sales slowed, costs rose and its investment in electric vehicle company Rivian wiped out profits. The news sent Amazon&rsquo;s shares tumbling by 10% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon sees first loss since 2015 as shares tumble 10% - Regional technology news - North - TechSparx - Business technology stories in the North<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techsparx.co.uk\/north\/amazon-sees-first-loss-since-2015-as-shares-tumble-10\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon sees first loss since 2015 as shares tumble 10% - Regional technology news - North - TechSparx - Business technology stories in the North\" \/>\n<meta property=\"og:description\" content=\"Tech giant&rsquo;s revenues grew at a sluggish 7% in the first quarter to $116.4bn as shoppers switch back to bricks and mortar Amazon announced its first loss since 2015 on Thursday as sales slowed, costs rose and its investment in electric vehicle company Rivian wiped out profits. 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