Trending Assets
Top investors this month
Trending Assets
Top investors this month
Can anyone explain why $AMZN invested in a chicken farmer?
According to SeekingAlpha, $AMZN invested in $VITL, a pasteur-focused chicken farmer.

While Amazon also invested in $AUR (self driving), $ATSG (air transportation), and $RIVN (electric vehicles) around the same time, those deals make sense. During 2020, Amazon bought out self-driving startup Zoox.

Electric cars, air transportation, and self-driving all help improve Amazon's logistics. But a chicken farmer? I'm not exactly sure how a chicken farmer will support Amazon's business meaningfully. Could it be a way for Amazon to secure more supply of Vital Farms products for their Whole Foods stores at a lower price? I'm not quite sure.

Thoughts?
TechCrunch
Amazon to acquire autonomous driving startup Zoox | TechCrunch
Amazon announced Friday that it will acquire Zoox, a self-driving startup founded in 2014 that has raised nearly $1 billion in funding and which aims to

Related
Already have an account?