According to @CNBC, Amazon warned it may take “drastic action” following the bankruptcy of Saks and stated its $475 million stake is now worthless, source: CNBC tweet https://twitter.com/CNBC/status/2011832393578012899. According to @CNBC, the disclosure highlights a complete write-down of Amazon’s Saks-related investment value as reported in the post dated Jan 15, 2026, source: CNBC tweet https://twitter.com/CNBC/status/2011832393578012899.