Rivian was a great investment - prove me wrong

Amazon
yxwd37

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yxwd37
Apr 30 9 Comments

I'm seeing a lot of negativity on blind about Amazon's investment in Rivian because of the $7.6 Billion loss we posted this quarter. However, the $7.6 Billion represents a markdown from the year end position of $15.6 Billion. My understanding is that Amazon's total investment in Rivian has been somewhere between $1.3 and $2 Billion. So currently, the Rivian investment has returned somewhere between 400% and 700%.

YET, somehow, most comments on Blind are looking at the investment as a total fail. I assume this is actually coming from a place of ignorance, as most of these comments are assuming Amazon experienced an actual loss of its own funds from this, when in reality it just represents a correction to an equity position that is currently illiquid.

So, was Rivian a poor investment?
#tech #amazon #rivian

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