Amazon purchases Whole Foods for $13.7 billion


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As we were rolling into the weekend Friday, the business world was all abuzz with the big news of the day: that online giant Amazon had purchased Whole Foods for $13.7 billion, which, coincidentally is about how much a week’s worth of groceries costs at the health food and specialty grocery chain. According to some analysts, the move is not-so-good news for competitors like Fresh Market and Sprouts, but hopefully cheaper options like Trader Joe’s will be unaffected because where else are we going to get $3 bottles of wine? In all seriousness, it’ll be interesting to see how the acquisition affects the grocery store market and the way people shop. And, as it turns out, we’re one step closer to Amazon taking over the world. But if we can get anything we want delivered to our door in less than 48 hours, do we even care?