What you need to know

  • Amazon announced its Q1 financial earnings on Thursday.
  • The company posted $127.4 billion in revenue, a 9% increase from the same period in 2022.
  • Amazon recently announced two rounds of job cuts, as well as the shuttering of its Halo product line.

Amazon is riding high on a positive quarter after posting $127.4 billion in revenue on Thursday. This represents a 9% increase from Q1 2022 and is the result of increased net sales and improvements across the company’s businesses.

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