Cramer says Amazon will 'dominate food within the next two years'
·Amazon announced Friday it will purchase Whole Foods in a deal valued at $13.7 billion.
·The agreement "is a game changer" for the food industry, Jim Cramer said on CNBC's "Squawk on the Street."
·Cramer said he is also "taking down numbers" for food sellers as a result of the news.
Read more here: http://www.cnbc.com/2017/06/16/cramer-says-amazon-will-dominate-food-within-the-next-two-years.html
Maybe Bezos knows something I don't, but it seems like a bad time to buy whole foods. I don't think there is much appetite for grocery deliveries, at least on a large scale. And as for the buck and mortar stores, well, I think their high prices will drive away cash strapped consumers in the next, soon to arrive recession. Also, Cramer is usually a pretty good contrarian indicator.
You trust Jim Cramer from the fakestream media?
Maybe by saying amazon a shit can get me some votes.
You might see Amazon everywhere if they keep growing and expanding at this rate.
Amazon is awesome... but this much central control must be stopped.....
+1
im curious to see how this turns out
Yeah amazon is a large company, i think amazon is one of the most top leading online shop in the world.