Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market. At the Whole Foods on 57th Street in Manhattan, organic fuji apples were marked down to $1.99 a pound from $3.49 a pound; organic avocados went to $1.99 each from $2.79; organic rotisserie chicken…
Whole Foods Shareholders Vote in Favor of Amazon Takeover…
Whole Foods shareholders approved Amazon’s takeover of the grocery chain on Wednesday. The vote was a pivotal step forward in the behemoth online retailer’s move to gain firmer footing in the multibillion dollar grocery space. Amazon and Whole Foods have both said they want the $13.7 billion deal to be completed by…
Should America’s Tech Giants Be Broken Up?…
As a former tour manager for Bob Dylan and The Band, Jonathan Taplin isn’t your typical academic. Lately, though, he’s been busy writing somber tomes about market shares, monopolies, and online platforms. His conclusion: Amazon.com, Facebook, and Google have become too big and too powerful and, if not stopped, may need to be broken up…
World’s Richest Person Escapes Scrutiny from His Own Paper—and Its Rivals…
The three most prominent US newspapers haven’t run a critical investigative piece on Jeff Bezos’ company Amazon in almost two years, a FAIR survey finds. A review of 190 articles from the New York Times, Wall Street Journal and the Bezos-owned Washington Post over the past year paints a picture of almost uniformly uncritical–ofttimes boosterish–coverage…
Amazon Considering Allowing Developers Access to Alexa Transcripts…
Amazon’s Echo system was one of the first mass-marketed home assistants available, giving it a head start over other devices such as Google Home. However, while Amazon currently does not allow developers access to everything users say, Google Home does; with Apple moving into the market as well, Amazon cannot afford to lose the lead […]
Whole Foods Shareholders Sue to Block Amazon Merger…
A pair of class-action lawsuits claim a financial statement issued by Whole Foods to its stockholders did not disclose potential conflicts of interest and other relevant information about its proposed merger with Amazon. Robert Riegel and Robert Berg sued Whole Foods Market and its board of directors in Austin federal court for alleged securities violations […]
Why Are Taxpayers Subsidizing Amazon’s Special Delivery?…
In my neighborhood, I frequently walk past “shop local” signs in the windows of struggling stores. Yet I don’t feel guilty ordering most of my family’s household goods on Amazon. In a world of fair competition, there will be winners and losers. But when a mail truck pulls up filled to the top with Amazon […]
How to Keep Amazon from Eating Your Business, Too…
It has become a truism that software is eating the world. Perhaps that now extends to Amazon’s acquisition of Whole Foods. This purchase is surely funded in part by the astronomical growth of Amazon Web Services, which is estimated to have made $14 billion in revenue last year — just slightly more than the purchase […]
Amazon Eats Up Whole Foods as the New Masters of the Universe Plunder America…
“We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.” —Justice Louis Brandeis With his $13.7 billion acquisition of Whole Foods, Amazon’s Jeff Bezos has made clear his determination to dominate every facet of mass retailing, likely at the […]