Amazon Prime’s one-day shipping cuts into 2Q profits

iStock/jetcityimage(NEW YORK) —  Amazon’s investment into one-day shipping for Prime customers cost the company its record-breaking profit streak. The retail leviathan said the investment into one-day shipping cost more than the $800 million it had planned to spend in the second quarter. “It does create a shock to the system,” Amazon’s chief financial officer (CFO) …

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