Faculty News

Professor Scott Galloway comments on Amazon's acquisition of Whole Foods

Excerpt from Bloomberg -- "I think this is a game-changer. You're going to have Amazon in the wealthiest, most affluent households, not once every other week but twice a week now. This threatens not only retailers, but it potentially disrupts CPG companies who Amazon is conspiring with half a billion consumers and fanatical investors to give it almost infinitely cheap capital to starch the margin from brands on behalf of consumers. And then you talk about potential disruption in the media market as shopper and in-store marketing gets challenged by what Amazon's going to do with their technology to let people bid on in-store marketing. ... I believe this is going to make Facebook's acquisition of Instagram the second-best acquisition of the decade, and this will be number one."

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