Revenue at the ecommerce giant rose 7%, compared to growth of 44% in the prior-year period. Amazon, which also posted net losses of $3.8bn in the first quarter, attributes the slowdown to the Ukraine war and macroeconomic conditions.
Join our network of executives who receive the MBS News daily, as well as the insights, analysis and our weekly column in The Weekend Edition.
You’ll be able to unsubscribe at any time.