Whole Foods now makes less money, but Amazon doesn't care

Whole Foods is making much less money since Amazon bought it and slashed prices across the board, but the online shopping giant doesn’t really care.

Amazon revealed in an earnings call on Thursday that the supermarket chain made around two thirds less profit in the month since the acquisition than the same period last year (part of the difference can be attributed to accounting considerations). 

That didn’t stop Amazon from reporting a killer quarter overall, sending its stock soaring in after-hours trading.

Whole Foods’ $1.3 billion contribution to Amazon’s revenue is a relative blip in its record $44 billion total haul this quarter.  Read more…

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Source: Mashable | Whole Foods now makes less money, but Amazon doesn't care