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Amazon buys PillPack, an online pharmacy, for just under $1B

techcrunch.com

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Re: Amazon buys PillPack, an online pharmacy, for just under $1B

#2

Post by charleyma »

Meanwhile, CVS + Walgreens lost $6B in market cap on the news Amazon is moving directly into pharmacy space.

It's crazy how competitive Wall Street views Amazon moving into a market; have there been examples of Amazon making a large purchase/move but completely failing? (sure there are, just not coming me off the top of my head)

Re: Amazon buys PillPack, an online pharmacy, for just under $1B

#5

Post by chrischen »

charleyma wrote: post #2

Meanwhile, CVS + Walgreens lost $6B in market cap on the news Amazon is moving directly into pharmacy space. It's crazy how competitive Wall Street views Amazon moving into a market; have there been examples of Amazon making a large purchase/move but completely failing? (sure there are, just not coming me off the top of my head)

Fire phone. Though I'm not sure if it was a purchase.

Re: Amazon buys PillPack, an online pharmacy, for just under $1B

#6

Post by tetrep »

charleyma wrote: post #2

Meanwhile, CVS + Walgreens lost $6B in market cap on the news Amazon is moving directly into pharmacy space. It's crazy how competitive Wall Street views Amazon moving into a market; have there been examples of Amazon making a large purchase/move but completely failing? (sure there are, just not coming me off the top of my head)

https://en.wikipedia.org/wiki/Fire_Phone

Re: Amazon buys PillPack, an online pharmacy, for just under $1B

#7

Post by [deleted] »

charleyma wrote: post #2

Meanwhile, CVS + Walgreens lost $6B in market cap on the news Amazon is moving directly into pharmacy space. It's crazy how competitive Wall Street views Amazon moving into a market; have there been examples of Amazon making a large purchase/move but completely failing? (sure there are, just not coming me off the top of my head)

[deleted]

Re: Amazon buys PillPack, an online pharmacy, for just under $1B

#8

Post by Nav_Panel »

charleyma wrote: post #2

Meanwhile, CVS + Walgreens lost $6B in market cap on the news Amazon is moving directly into pharmacy space. It's crazy how competitive Wall Street views Amazon moving into a market; have there been examples of Amazon making a large purchase/move but completely failing? (sure there are, just not coming me off the top of my head)

Seems like in any market where Amazon can reasonably compete with a brick & mortar, Amazon will win... Consider how expensive real estate is these days, especially in urban areas (and how much "millennials" like delivery). It's a solid formula.

Re: Amazon buys PillPack, an online pharmacy, for just under $1B

#9

Post by [deleted] »

tetrep wrote: post #6
charleyma wrote: post #2

Meanwhile, CVS + Walgreens lost $6B in market cap on the news Amazon is moving directly into pharmacy space. It's crazy how competitive Wall Street views Amazon moving into a market; have there been examples of Amazon making a large purchase/move but completely failing? (sure there are, just not coming me off the top of my head)

https://en.wikipedia.org/wiki/Fire_Phone

[deleted]

Re: Amazon buys PillPack, an online pharmacy, for just under $1B

#10

Post by toomuchtodo »

rocketpastsix wrote: post #3

Just another step in dominance for Amazon. Pretty soon you will be able to upload your prescriptions to Amazon and Prime Now will deliver within an hour, for $8.99

So now I have to worry about counterfeit pills showing up from Amazon?

I’m not overly concerned about their dominance anymore. There are eventually going to be regulated.

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