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That's Not A Deal ... THAT'S A Deal

I don't buy a lot of public company stocks. It's just not what I do and so I don't feel like I have e
First Draught
That's Not A Deal ... THAT'S A Deal
By M.G. Siegler • Issue #75 • View online
I don’t buy a lot of public company stocks. It’s just not what I do and so I don’t feel like I have enough information I would need to be good at it. But I have bought a few stocks over the years when their price just didn’t make sense to me for one reason or another.
Those stocks have been: Netflix and Apple in 2004. Facebook in 2012. Twitter and Whole Foods in late 2015. (Though I will also take credit for telling Megan to buy Tesla stock in early 2013.)
There’s obviously one outlier there: the one non-tech company. Which today announced its aim to be acquired by one of the biggest tech companies.
Obviously, all of those stock picks – aside from Twitter, so far – have done very well. But the Whole Foods one was a bit different – and yet not all that different. In WFM, I saw a stock descending towards 5-year lows, but rather than having fear about that, I saw opportunity. Yes, the numbers had been somewhat mixed, and yes, many other grocery chains were catching up in the organic food business. But Whole Foods remained a great brand that offered a great experience. My bet was they could turn things around or that someone else would step in to buy them. I never thought it would be Amazon, of course. But it makes total sense. 
Anyway, just a little aside in waking up to that news today. I still could not be more bullish about Amazon (though I don’t own their stock because again, I don’t typically buy public stocks!). And it seems pretty clear that it wasn’t an accident to announce this on a day when Walmart, their chief non-tech rival, also announced a big acquisition of their own. 
One could imagine Bezos saying, “that’s not a deal … that’s a deal.”

5ish Links
Wal-Mart Asks Employees to Deliver Packages on Their Way Home
Instagram CEO on Stories: Don’t Call It a Copycat
Starbucks’ Howard Schultz Has Something Left to Prove
You Don’t Know Tiger Woods
Why are The Economist’s writers anonymous?
Quickish Hits
What Happened to J. Crew?
Packagd is creating a ‘QVC for the mobile generation’
The Warriors have broken basketball. Time for a new super-team
Focus on the important things with Highlights in Slack
French President Macron: France should be a 'country of unicorns'
500ish Words
Unboxing a Massive Commerce Opportunity with Packagd
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M.G. Siegler

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