Friday, June 16, 2017

BREAKING Amazon to Buy Whole Foods



Amazon has announced that it will acquire Whole Foods Market for $13.7 billion.

-RW

UPDATE

Grocery stocks are crashing following news of Amazon's plan to acquire Whole Foods.

Kroger is down 12.5%

SuperValu is down 13.6%

Sprouts Farmers Market is down 7.5%

Other stocks down:

Target is down 8.4%

Costco is down 6.1%

Wal-Mart Stores is down 5.3%

Note: This is not a business cycle crash. It is a sector-related crash based on the likelihood that Amazon will change the entire structure of the grocery store business.
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2 comments:

  1. ─ Note: This is not a business cycle crash. It is a sector-related crash based on the likelihood that Amazon will change the entire structure of the grocery store business. ─

    Well, I'm excited to see what happens next. I along with everyone else are witnessing a paradigm-shifting process before our very eyes, akin to the demise of the buggy whip industry.

    ReplyDelete
  2. You are excited that a CIA front company is getting into the grocery sector?

    ReplyDelete