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Amazon faced a significant loss of nearly $1 billion on its investment in Rivian last week, leading to a stock downgrade for the EV maker. Rivian, once a prominent player in the EV industry, is now struggling, with Amazon being a major loser in its stock-market decline. The ties between Rivian and Amazon are substantial, with Amazon contributing about 19% of Rivian's revenue in 2023. Additionally, there are discussions about potential acquisitions and the challenges faced by other EV startups like Lucid alongside Rivian.
How strong are Rivian's ties to Amazon? The tech giant accounted for about 19% of the electric vehicle maker's revenue in 2023. https://t.co/rt3h1lkY0f
$IRBT maybe a classic case of all the bad news is finally out. Failed $AMZN deal last month and now earnings behind them. Currently on pace for a hammer candle on the day If AMZN was looking to acquire them at $61/share, wouldn't another potential buyer be interested here? https://t.co/Cy5ZSFff6e
$IRBT maybe a classic case of all the bad news is finally out. Failed $AMZN deal last month and now earnings behind them. Currently on pace for a hammer candle on the day If AMZN was looking to acquire them at $61/share, wouldn't another potential buyer would be interested here? https://t.co/YjBqczOQkX
