Amazon posts Q2 loss, but revenue overshoots estimate and stock jumps up

Amazon posts Q2 loss, but revenue overshoots estimate and stock jumps up

Amazon’s $121.2 billion in revenue went well past estimates of $119 billion, helping stock climb higher Amazon’s $121.2 billion in revenue went well past estimates of $119 billion, helping stock climb higher Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. (Sign up to […]

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Amazon and electric car maker Rivian partner to deploy 10,000 customised EVs this year

Amazon and electric car maker Rivian partner to deploy 10,000 customised EVs this year

Though still in the design stage, a host of features aims at boosting driver efficiency and cutting carbon emissions Though still in the design stage, a host of features aims at boosting driver efficiency and cutting carbon emissions E-commerce platform Amazon is working with the electric vehicle manufacturer Rivian to develop and deploy a fleet […]

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