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Here's How Rivian Stock Dealt Amazon Its First Annual Loss Since 2014

TheMotleyFool

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Here's How Rivian Stock Dealt Amazon Its First Annual Loss Since 2014: https://g.foolcdn.com/editorial/images/719493/rivian-utility-van-sitting-on-a-hoist-during-the-manufacturing-process.jpg

Back in May 1997, a company that would forever change the way we shop was listed on the Nasdaq stock exchange. It gave investors an opportunity to buy a slice of the future -- though many of them didn't know it at the time.

Fast forward 25 years, and the company just reported over half a trillion dollars in annual revenue for 2022. It was Amazon (NASDAQ: AMZN), of course, the widely recognized pioneer of the e-commerce industry.

Its success is thanks to a relentless focus on innovation. Amazon's business is no longer about e-commerce alone; it has become a leader in the cloud computing industry, has a booming advertising business, and has a growing portfolio of digital media assets.

Source Fool.com

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