FILE PHOTO: A Whole Foods Market is pictured in the Manhattan borough of New York City, New York, U.S. June 16, 2017. REUTERS/Carlo Allegri/File Photo
Amazon.com Inc’s expansion plans, including its agreement to buy Whole Foods Market Inc for US$13.7bil (RM58.74bil), are raising hackles in Washington – and Wall Street is taking notice.
A US lawmaker has called for hearings on the proposed deal to consider its ramifications for shoppers and workers. Hedge-fund manager Doug Kass has taken a short position on the fast-growing online retailer, saying government antitrust concerns will erode its value. In June, Goldman Sachs issued a note questioning whether tech stocks are overpriced and whether investors have overlooked the risks associated with potential government regulatory issues.
