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Amazon Profit Declines Due To Quick Delivery Push

Amazon’s quest to deliver packages in one day is taking its toll on the bottom line. The retail giant experienced its first year-over-year quarterly profit decline since early 2017. “The spending binge isn’t over,” according to Bloomberg. “Amazon Chief Financial Officer Brian Olsavsky said Thursday that the costs of the company’s one-day delivery push will total some $1.5 billion during the holiday quarter.”

Read the whole story at Bloomberg »

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