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Amazon UK Found Guilty Of Airmailing Dangerous Goods (theguardian.com)
Amazon UK has been found guilty and fined 65,000 euro for breaking aviation safety laws after repeatedly trying to send dangerous goods by airmail, reports The Guardian. From the article: A judge at Southwark crown court in London said on Friday that Amazon knew the rules, had been warned repeatedly, but had failed to take reasonable care. Although the risks from the goods sent for shipment by air were low, he blamed the breaches on "systemic failure" at the online retailer. As well as the fine, Amazon was ordered to pay 60,000 euro towards prosecution costs. Earlier in the week, the jury found Amazon guilty of breaching rules for shipping dangerous goods by airmail on four counts between November 2013 and May 2015. The prosecution was brought by the Civil Aviation Authority, after a complaint from Royal Mail. Some offences took place after Amazon knew it was under investigation. In each case, the items -- two packages containing laptop lithium batteries and two containing aerosols that used flammable gas propellant -- had been flagged up by Amazon's computer systems as possibly dangerous goods, and subject to restricted shipping rules.
Amazon struggles to make a profit.
Amazon has made a deliberate decision to focus on growth rather than profit. So far this has been a very smart strategy, and their investors seem to agree.
Amazon is an obvious counter-example to the claim that American investors only focus on short term results.