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And Rivian is down 41% since Q4 ended... that'll be a big headwind next quarter for Amazon.
by nostromo 5y ago
And Rivian is down 41% since Q4 ended... that'll be a big headwind next quarter for Amazon.
- meragrin_ 5y agoI'm pretty sure it does not work that way unless they sell. Rivian's IPO changed the nature of Amazon's investment so that probably triggered the reporting. Now it won't affect the bottom line unless they sell or some other major event occurs.
- jpgvm 5y agoIt actually does work that way. They consider these investments as cash equivalents so they are reported mark to market, which will be a significant paper loss that can offset profits elsewhere and make for an ugly looking quarter.