Amazon’s acquisition of Whole Foods is great for Whole Foods and bad for every other supermarket. The $13.7 billion deal — Amazon’s biggest buy yet — has sent Whole Foods’ stock up $9 or 28 percent today, compared with yesterday’s closing price.
Look what happened to grocery stocks after Amazon announced it’s buying Whole Foods
Their stock isn’t looking so fresh.
Rani Molla was a senior correspondent at Vox and has been focusing her reporting on the future of work. She has covered business and technology for more than a decade — often in charts — including at Bloomberg and the Wall Street Journal.
For contrast, Costco’s stock is down $10 or nearly 6 percent. Stock prices are also down for Kroger, Walmart, Target and SuperValu.
This article originally appeared on Recode.net.
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