Amazon Reports Its First Unprofitable Year Since 2014

Amazon is reporting its first unprofitable year since 2014. NPR reports: Amazon lost $2.7 billion last year, the company said on Thursday. This was despite holiday-season sales growing 9%. Amazon's shares fell in after hours trading. By far, the biggest culprit for Amazon's losses over the year was the company's hefty investment in the electric automaker Rivian whose value plummeted last year and ate into Amazon's bottom line.Amazon had taken a 20% stake in Rivian and has begun rolling out the c