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Amazon’s latest $1 BILLION acquisition 💊
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Amazon’s latest $1 BILLION acquisition 💊
Amazon had a MASSIVE day yesterday.
First, they announced the acquisition of an online pharmacy for a cool billion dollars. Boston-based Pillpack delivers organized packages for your prescriptions in a nifty container.
Walgreens CEO Stefano Pessina was "coincidentally" speaking with Wall St analysts when the acquisition was announced. When asked if he was concerned: "Pharmacy is much more complex than just delivering certain pills."
Walgreens stock immediately tanked 10%, Rite Aid tanked 16%, and CVS followed suit at 9%. Not a good sign. 🙄
This isn't Jeff Bezos's first move into healthcare: Amazon recently announced a multi-billion dollar partnership with JPMorgan Chase and Warren Buffet's Berkshire Hathaway to cut out middlemen for their combined 1,000,000 employees who are insured by one of the three giants or their subsidiaries.
That's not all: Amazon also launched Amazon Logistics, a last-mile delivery program to let anyone deliver packages (and get paid) to officially compete with UPS and FedEx.
It's not a terribly surprising announcement: Fedex operates similarly, with each delivery truck owned and operated by independent contractors.
The big question: When will Amazon roll out their drone delivery in mass?
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You: "I found a secret website called Unsplash, check it out." 📸✨
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