On: Amazon Announces Fourth Quarter Results

[myroon5]

Basically no net income this quarter

[chrisbolt → myroon5]

With this a big part of it:

> Fourth quarter 2022 net income includes a pre-tax valuation loss of $2.3 billion included in non-operating income (expense) from the common stock investment in Rivian Automotive, Inc., compared to a pre-tax valuation gain of $11.8 billion from the investment in fourth quarter 2021.

[lizzardbraind → myroon5]

TBF, that's Amazon's bailiwick. They try to invest as much as they can back into the business without netting a loss.

Grow, baby, grow. We'll see how that mindset survives the coming years, with Bezos out and gusty economic winds.