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Amazon to Acquire Whole Foods for $13.7B

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Re: Amazon to Acquire Whole Foods for $13.7B

#401

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Exactly the reason why there aren't any Software Developer Unions these days.

You're kidding, right? Programmers are decently paid but should strike for a 40-hour work week.

no thanks. look at what collective/forced/politicized bickering over hours has done to the job market everywhere its been tried. look at the corruption. i enjoy my freedom to negotiate my terms as I, as an individual, and my employer see fit.

Re: Amazon to Acquire Whole Foods for $13.7B

#402
post #324

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Interesting comparison. In this case, people aren't unionizing for essentially the opposite reason. Rather than state provided social welfare, their needs are satisfied through this capitalistic solution. Employees are empowered and rewarded through their work.

I'm not sure if you can call this capitalistic, though. WF as a commune could likely share many of the benefits or exceed them even without requiring shareholders to satisfy. Instead, a devotion to profits will ensure they are given the minimum to execute their job well. It'll be interesting to see what bezos does with it for sure.

What's not capitalistic about it? A company can be setup with any number of metrics that determine success besides just pure profit. That most don't is a matter of who is running them, not that capitalism doesn't allow it to take place!

Look at airlines--exec bonuses used to include metrics such as "customer satisfaction" and today those metrics are gone and only profits count. Nothing changed with capitalism, though. It's the asshole MBAs that changed.

Re: Amazon to Acquire Whole Foods for $13.7B

#403

Aw, poor Blue Apron.

Blue Apron is not a good company relative to the other meal kit delivery services anyway. Their recipes are overly simplistic and their whole experience using UX dark patterns limiting which meals one can get in combination turned me off, and misleading people regarding cancellation. The higher quality meal kits like Home Chef won't have this problem because they give you, for about the same price, more complex recip…

Yeah, I currently use Blue Apron, and I wish there was an option to just pay a little more for what I want rather than have to figure out what combination of foods I need to fly under the cost limit for the week.

Re: Amazon to Acquire Whole Foods for $13.7B

#404
post #177

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Really? Slack is bringing in 150m/yr. They can't make money with that product at that rate?

Of course they can, but an extremely profitable well-oiled small company rarely gets acquired. You need to have way more employees than necessary and running at a loss. Slack runs a chat app and has 870 employees . It's beyond absurd.

What percent of that is support and how many customers do they have?

Not saying you're wrong, just that there's overhead for software as it scales for enterprises.

Re: Amazon to Acquire Whole Foods for $13.7B

#405
post #336

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who the fuck has a 401K and is interested in short term returns?

You know at some point the 401k is supposed to be paying your bills, yes? That's its raison d'être. When you have investments paying your bills, you might understandably be focused on those investments yielding some immediate returns. Maybe to pay for that leaky roof, or broken down AC...

Any short term returns from the market should be remarkably small per individual managed by a firm. It's the long term growth that you're banking on when you prepare for retirement years in advance.

Re: Amazon to Acquire Whole Foods for $13.7B

#406
post #289

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In the 1880s Bismarck increased the modern welfare state (it was called State Socialism https://en.wikipedia.org/wiki/State_Socialism_(Germany) ). The idea was that, if the poor people can get some form of social welfare from the existing state, they're less likely to support a proper socialist/communist revolution. Sounds like that. People won't unionise when they don't think they need to.

Exactly the reason why there aren't any Software Developer Unions these days.

Intelligent people capable of negotiating their pay in a market such as that for software development would only be encumbered by unions. Are there warts? Sure there are. Nothing is perfect.

Re: Amazon to Acquire Whole Foods for $13.7B

#407

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I would definitely guess not. Why would Amazon pick and pack from a retail store and not a distribution center? And what does Instacart bring to the table? Amazon already has a website and seems to have no trouble building gigantic on-demand workforces. What else does Instacart have? I would guess close to 100% of Instacart users already use Amazon for things as well. I don't see things ending up well for Instacart a…

I'm thinking that the grocery store would be the distribution center. I don't know what their transportation lanes look like but most produce just goes from the field to the grocery store. If you're already storing it there, why put it in a distro center when these stores are in the same locations. Instacart brings a userbase. Heck, maybe Amazon just buys Instacart as well. Not sure if amazon's FCs are currently equi…

Amazon has no need for Instacart. None.

They already have the infrastructure in place to replace Instacart overnight.

Every Instacart shopper currently working for Instacart hates Instacart. Amazon can just hire them all away, run their own logistics, profit.

That's not to say it won't be worse than Instacart. It most definitely will be.

Re: Amazon to Acquire Whole Foods for $13.7B

#408
post #305

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The idea that I can't criticize pathological behaviors by investors because I myself invest in things makes about as much sense as saying I can't criticize bad US policies because I live in the US.

Love it or leave it! /s

'Every nation, in every region, now has a decision to make. Either you are with us, or you are with the terrorists.' Bush.

Re: Amazon to Acquire Whole Foods for $13.7B

#409
post #10

Oof. I wonder what this means for Whole Foods culture and employees. If you don't know, John Mackey, the CEO / founder, is a major believer in conscious capitalism and of empowering his employees. Whole Food employees get paid pretty darn well with some crazy good benefits for their industry and line-of-work (UNION FREE most of the time too!). WF banks on them being true believers and motivators of the cause - includ…

Having worked for a retail software company that was purchased by Oracle, I can assure you Grocery retail is the most difficult retail supply chain to execute well. The margins are razor-thin. The products have myriads of stubborn problems: short life checking, long life checking, mix of delivery types (direct, warehouse, corporate and 3rd party), very complex planograms, composite units of measure, challenging shrinkage problems, many more supply chain cas fortuit issues.

Amazon made its name by shipping consumer hard goods. It continues to do well with non-perishable items. But this nut is the Everest of retail. It will be a challenge to get it to fit into their model.

Re: Amazon to Acquire Whole Foods for $13.7B

#410
post #37

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I think Zappos is a probably a pretty good proxy. They too had a very different culture to Amazon at the time of acquisition, but I believe it has largely remained intact many years post-acquisition. Amazon as a company has many flaws in its culture (if we are to believe the reports), but they seem to do acquisitions pretty well and know when to leave things alone and let them do their thing.

There's also Woot.com - a company who's culture was a strange counterpoint. Amazon thought they understood it, messed it all around and now it's a sad parody of the former site. https://www.dmagazine.com/publications/d-magazine/2014/july/... That particular bit about Bezos and the octopus sells it - You'll be fine if Amazon "gets" your company and it's culture. If not, well...

It's pretty well known internally to Amazon that the woot acquisition was handled terribly and that the food was strangled. It's held up as a what not to do now. Source I know some of the og woot folks and I work for a recently acquired subsidiary in the "strangle don't strangle" department. We're very cognizant of keeping what's good about our subsidiary and using what's good about super mega co and they let us. We're very much on the don't strangle side. It'll be interesting to see how this aquisition "GOes"
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