This is REALLY shaking up the grocery industry this morning. When my best friend texted me “Amazon is buying out Whole Foods”, I immediately said “WHAT? What does this mean?”
Well, it means a lot of things. It was announced this morning that the online shopping giant, Amazon is buying out the trendy, organic and natural food grocery store for $13.7 billion in cash. People on Twitter are joking that $13.7 billion can’t even get you half a grocery cart at Whole Foods. That’s part of the problem and why they have seen their stocks drop significantly since 2013. With other grocery chains starting to offer healthier options at lower prices, Whole Foods has done things like open up smaller and cheaper stores called “365 Whole Foods” that can be found popping up in Southern California, according to LA Times.
Read more about this deal and what it means for all of us Whole Foods lovers, HERE.
Check out some of the best tweets from the morning…