Business

Amazon Shows It Can Generate Sales While Slowing Spending

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In the quarter, sales increased 7.2% to $121.2 billion. Amazon said it had a net loss of $2 billion, or a loss of 20 cents a share, compared with net income of $7.8 billion, or 76 cents a share, in the quarter a year earlier. The company attributed the loss to its investment in electric-vehicle maker Rivian Automotive Inc.



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