Amazon purchased Whole Foods for $13.7 Billion

[MiguelHammond10]

Story is here Amazon is buying Whole Foods for $13.7 billion

Amazon has been trying to get into the grocery sector for a while with Amazon Fresh. Now they've definitely taken a huge leap ahead by acquiring Whole Foods.

Supposedly, Whole Foods will continue to operate business as usual under the and brand and same stores.

I think this is an interesting move for two reasons.

Amazon who has been dominating ecommerce and putting many B&M out of business, is now making a huge investment into B&M.

Amazon has wanted to get into grocery for a while. I think they'll start to use Whole Foods as part of their logistics chain to make that a reality. Was the purchase made for the brand or for its infrastructure?

Futures look good!!!

 

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[Shades]

I disagree, it is distribution and logistics of the food made by others, dictated by the market interest....at lower cost thanks to imoroved distribution and logistics.

Sent from my SM-G930V using Tapatalk

Yep I think Amazon will only be a very good thing for the grocery industry for consumers. A lot of these subpar grocery chains that have survived for years just because they are a food source will quickly have to improve and adapt or die.

 

[MJ DeMarco]

As for the deal, at what point does Amazon get an anti-trust looksie?

Amazon is getting too big and the government is talking about it

AMZN is one of my favorite options to strangle, this however, makes me a bit worried to be short when (or if) this gains steam.

 

[c_morris]

Yet another example of the consequences of ignoring the Commandment of Control. I feel bad for Valerie and her gourmet food line, but she should have seen this coming.

Whole Foods places new limits on suppliers, upsetting some small vendors

 

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[Steppenwolf]

I vastly recommend this 19 minute TED (REAL)Talk
"How Amazon Apple Facebook and Google manipulate our emotions"

Really makes you lookt at it from a different perspective.
How Amazon, Apple, Facebook and Google manipulate our emotions