# Amazon stock plunges as growth slows

- Link: https://www.widthness.com/amazon-stock-plunges-as-company-reports-nearly-4-billion-loss/
- Published: 2022-05-01T09:30:34-05:00
- Author: Curated by John Wysocki

Photo: Jeff Bezos, founder and executive chairman of Amazon. Photo credit: Daniel Oberhaus via Wikimedia, CC BY 4.0 (photo unmodified). Article by Rishi Iyengar. CNN Business – April 29, 2022. (CNN Business) — Amazon’s stock plummeted after the company reported on Thursday slowing growth and higher costs in its latest quarter and offered a disappointing revenue outlook. The tech giant said revenue grew 7% from the same period last year to $116.4 billion, slightly beating analyst forecasts but slower than the 9% growth in the final months of last year. The company forecast that revenue growth would slow further next quarter, anticipating a growth rate of between 3% and 7%. […] Click here to view original web page at www.cnn.com