You may have heard that at least one member of Congress wants the House Judiciary Committee and the Subcommittee on Regulatory Reform and the Commerical and Antritrust Law to look into Amazon’s $13.7 billion buyout of Whole Foods, Inc.
Naturally, the financial news pundits are now floating the idea that the company could be in trouble – with one hedge fund manager even shorting the stock.
But here’s the thing…
This isn’t the first time Jeff Bezos has faced anti-trust issues. In fact, back in 2015, the group Authors United asked the Department of Justice to investigate monopolistic practices. And you see what’s happened to the stock since then.
So forget about these “doomsday” predictions the media heads love talking about – it’s just for ratings.