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products. after years of being a tech juggernaut, amazon has delivered a dismal profit report. the company reported nearly $4 billion in losses, that is far from the $4 billion profit that analysts had been expecting. amazon blames most of the losses on its investment this electronic automaker whose stock has been plummeting for months now. amazon stock plunged 9% in after hours trading. selina wang is joining us now. what is going on with the tech stocks? reporter: not only was it a disappointing quarter for amazon, it also delivered a very bleak outlook. right now amazon is facing multiple headwinds, that major boon to its business that it had during the pandemic is starting to fade with online sales falling in the first three months of the year. expenses are also raising as amazon is offering higher wages

Profit reportTech juggernaut4 billionUnited statesSelina wang