Well, that is some animosity there! It really shows that Walmart is extremely wary of Amazon. This shows that Amazon is really crushing its way to groceries.
With the acquisition of Whole Foods, Amazon is mightily marching to the groceries. Walmart did a great job by acquiring Jet.com but looks like that they are still catching up online.
So who is benefitting from all this? Well, consumers!! Competition is good! Now we will have better and cheaper groceries~ Oh yeah~~ Also, Microsoft~ who is getting the cloud service from tech firms that do business with Walmart.
Any investment advice?
Well, I am long Amazon. Not sure about Walmart and Microsoft.
I will just enjoy the fruits of competition for now~