S.F. investor made $30M in paper profits on Whole Foods stock San Francisco mutual fund manager Jerry Dodson made a paper profit of $31.4 million on shares of Whole Foods Markets Inc. Friday, after Amazon.com Inc. said it would buy the grocery chain. Dodson, founder of Parnassus Investments, started accumulating shares of Whole Foods in late 2014 at an average price of $32 when he noticed same-store sales were rising. (Silicon Valley Business Journal)
Instacart tries to hang on to Whole Foods as Amazon swoops in San Francisco-based Instacart has about four years left in a delivery partnership it signed with Whole Foods in 2016, a source said. The contract made Instacart the exclusive delivery provider for Whole Foods perishables, as well as nearly all non-perishable items. The arrangement becamemuch more complicatedwhen Amazon said it was buying Whole Foods for $13.7 billion.(Bloomberg)
Winners, losers in Amazon's $13.7B purchase of Whole Foods Amazon is taking a huge bite out of the fresh food business with its bid for Whole Foods Market for $13.7 billion. But even though this is a deal between two companies, it's not just the two of them being touched by it. The intersection between the food and tech industries has been playing out for years now,sprouting dozens of food startups.(TechCrunch)
Amazon will let shoppers try on clothes before buying Amazon can’t provide a fitting room for trying on that new pair of jeans before purchasing them. But a new feature for Amazon Prime members is taking a crack at being the next best thing.(Los Angeles Times)
Exclusive: Amazon to charge $2.8 million for NFL ad packages - sources http://www.reuters.com/article/us-amazon-nfl-ads-exclusive-idUSKBN19D2GI?il=0
Exclusive: Wal-Mart not considering a bid for Whole Foods - source http://www.reuters.com/article/us-whole-foods-m-a-exclusive-idUSKBN19E2DE
Amazon spends while other retailers retreat Amazon has been eating retail competitors' lunch for a while. Now it's after their breakfast, dinner and weekly groceries too with its planned $13.7 billion acquisition of Whole Foods. The e-commerce giant, already the largest retail advertiser in the U.S., is cranking up its spending even more as it strives to harness all of consumerism and to lead in new categories such as grocery and fashion.(Ad Age)
I wrote this 5 years ago, almost to the day when AMZN was $1000. Elon was smart, he jumped on it early.