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The Guardian - US

Technology

Dominic Rushe

Amazon sees first loss since 2015 as shares tumble 10%

Amazon Andy Jassy Rivian

Amazon boxes. — Amazon boxes. Photograph: Mike Segar/Reuters

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’s shares tumbling by 10% in after hours trading.

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