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Amazon net sales rise by 7% to $121 billion in Q2 2022, clocks loss against its Rivian investment

Unlike Microsoft, Meta, and Google-parent Alphabet, e-commerce powerhouse Amazon managed to exceed Wall Street expectations in what was a tough quarter for the tech industry. The Seattle-headquartered company…

EV maker Rivian raises $2.65bn just months before launch of its first vehicles

Rivian, the company that is on its way to become the first EV marker in the world to launch an electric pick up truck, has raked in another…