Drudge Retort: The Other Side of the News
Friday, June 16, 2017

Amazon is making a big bet on physical stores and the business of food. The online retail giant announced Friday that is buying organic grocery chain Whole Foods (WFM) for $13.7 billion in cash. The deal values Whole Foods at $42 a share, 27% higher than where the stock was trading Thursday. ... The deal shows Amazon's interest in moving into the business of operating traditional brick-and-mortar stores, even as many retailers that have been crippled by Amazon's growth have announced a series of store closings.

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#1 | Posted by SheepleSchism at 2017-06-16 11:33 AM | Reply | Funny: 1

What a steal! I bought three bananas and some juice there last week and it cost $14.2 billion.

#2 | Posted by Sycophant at 2017-06-16 12:01 PM | Reply | Funny: 3

Remember when WF CEO John Mackey was 'sock puppeting' online about 10 years ago, and kept talking about how good John Mackey's hair looked?

What a knob.

#3 | Posted by schifferbrains at 2017-06-16 12:10 PM | Reply

How about - Remember when Amazon was online only and mocked brick and mortar?

Need those local "warehouses" for same day delivery of purchases - especially in foods.

Look where Apple is aiming as well - Medical Records...

#4 | Posted by GalaxiePete at 2017-06-16 01:27 PM | Reply

It's easy to crap on whole foods and say their food is expensive.

To me, I see it as the price of REAL food.

Regular grocery stores have CHEAP products filled with science experiments sold as food.

As for organics, Do you want this apple over here for 50 cents, or that apple over there with POISON on it for 20 cents?

That's not a hard choice for me.

#5 | Posted by SpeakSoftly at 2017-06-16 01:27 PM | Reply | Newsworthy 1

Same with Starbucks. I'll gladly pay more for coffee knowing it wasn't picked by slaves and that the barista gets a fair wage with benefits.

#6 | Posted by TFDNihilist at 2017-06-16 01:54 PM | Reply

And as far as staples, WF is not that bad. An organic, no crap, loaf of bread at WF costs the same as a loaf of Wonderbread at the Acme.

#7 | Posted by TFDNihilist at 2017-06-16 01:55 PM | Reply

>As for organics, Do you want this apple over here for 50 cents, or that apple over there with POISON on it for 20 cents?

I can't get over the suspicion that they're all the same apples, some marked up 50%.

#8 | Posted by schifferbrains at 2017-06-16 02:39 PM | Reply

I can't get over the suspicion that they're all the same apples, some marked up 50%.

#8 | Posted by schifferbrains

If that was true and it was ever discovered, it would destroy their entire business model and reputation among their core demographic. Not sure they'd risk that to make a few more bucks.

#9 | Posted by SpeakSoftly at 2017-06-16 03:05 PM | Reply

If that was true and it was ever discovered, it would destroy their entire business model and reputation among their core demographic. Not sure they'd risk that to make a few more bucks.
#9 |

Whole Foods probably wouldn't intentionally risk it.

But most grocery stores have an 'organic' produce section.

Just not sure what it means and who polices it.

#10 | Posted by schifferbrains at 2017-06-16 03:15 PM | Reply

Whole Foods sounds like a store for yuppies.

#11 | Posted by LauraMohr at 2017-06-16 03:46 PM | Reply | Funny: 1

Wish I'd thought of it...an account balance of + $13,400,000,000.00 would put a spring in my step.

#12 | Posted by madscientist at 2017-06-16 03:59 PM | Reply | Funny: 1

The Whole Foods Brewery in town is very, very good. Very small batch, served on tap and take home in crowlers & growlers. I guess it's the Amazon Brewery now.

#13 | Posted by sitzkrieg at 2017-06-16 05:40 PM | Reply

Bezos: "Alexa, buy groceries from Whole Foods."
Alexa: "Ok, buying Whole Foods."
Bezos: "S%^&!..."

#14 | Posted by GOnoles92 at 2017-06-17 03:21 PM | Reply | Funny: 1

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