Rivian Automotive Inc.

Amazon posts $3.8 billion net loss in first quarter

Amazon posts $3.8 billion net loss in first quarter

SEATTLE — Amazon.com Inc. recorded net sales of $116.4 billion in the first quarter of fiscal 2022, an increase of 7% versus the prior-year period. But that gain is the company’s smallest in years and compares to a 44% increase in last year’s first quarter. The company also had a net loss of $3.8 billion in