Why Amazon Has No Profits (And Why It Works) — a16z
Amazon is buying more than groceries with Whole Foods: it’s also getting more than 400 stores to use as delivery hubs — Recode Amazon’s $14 billion deal for Whole Foods gives it more than just groceries. It also gets it crucial real estate it needs to accelerate its delivery operations. Amazon took a big leap into the grocery industry when it announced its intention to buy Whole Foods for $14 billion. But the deal gives Jeff Bezos something else he craves: More than 400 brick-and-mortar stores that […]
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