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npalli
on Nov 22, 2022
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Amazon Alexa is on pace to lose $10B this year
The extraordinary part is they are on pace to lose $10B just
this
year. Even back in 2018 [1] when they started the ramp, they were losing $5B/year. So in total they have lost about $35B (avg'ing) in the past five years.
[1]
https://www.nytimes.com/2022/11/14/technology/amazon-layoffs...
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[1] https://www.nytimes.com/2022/11/14/technology/amazon-layoffs...