Amazon.com Inc. shares took an after-hours beating Thursday after the e-tailing giant posted a $3.8 billion first-quarter net loss, equal to $7.56 per diluted share, compared with an $8.1 billion profit in the 2021 quarter.
The bottom-line number was noisy, as it included a $7.6 billion pretax loss in the value of Amazon’s (NASDAQ: AMZN) stake in electric truck manufacturer Rivian Automotive Inc. (NASDAQ: RIVN). Rivian shares have plummeted since it went public last November, falling to the...
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