/biz/ - Business & Finance

>>2471012
this is just a thought but I still think people vastly oversold their positions in the market.

Such technology and setup by Amazon will still take years to make happen.

Grocery Chains are already moving forward with their own online selling and delivery systems too and will now push forward faster so the debt near term will be heavy but older people will still feel they need to head to the store, rather than paying 15 dollars a month for the privilege of buying groceries at amazon.

It is a stellar move by amazon to capture the millennial market though. I know from experience that this will be a huge drag on earnings for Amazon because the margins are incredibly tight in the food industry and beyond that, they are moving towards the organic market, which isn't cheap either.