FYI: Amazon’s ambitions have few limits, and when the company appears interested in expanding its business into a new area, it can spook investors in potential competitors. The mere specter of its entry into a particular industry can shape markets.
This year, the company’s actions – some big, like buying Whole Foods Markets; some smaller, like Amazon meal kits – have led to stock sell-offs for a wide range of businesses.
Happy New Year,
Ted
https://www.nytimes.com/interactive/2017/12/22/business/amazon-stocks.html
