Today, Amazon made a bid to buy Whole Foods — a grocery chain — for $13.7 billion. That promptly sent the stock up around 30%. And it also looks pretty good considering its history in the past year, in which its continuing major bump came as an activist investor went after the company in April. That investor, Jana Partners, has around an 8% stake in Whole Foods, which will turn out… Read More
from Amazon – TechCrunch https://techcrunch.com/2017/06/16/how-to-make-300m-in-two-months-betting-on-groceries/?ncid=rss
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