Amazon posts net loss for second consecutive quarter as it handles slower demand reported slower sales and a net loss for the second straight quarter as strength in the tech giant’s cloud computing business was offset by continued weakness in core retail operations suffering the aftermath of a pandemic boom.

The tech giant’s revenue in the latest period rose 7.2% year-on-year to $121.2 billion. That was a hair slower than the 7.3% rise in the first quarter, which had marked Amazon’s slowest growth in about two decades.


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