When Does Amazon Become a Monopoly?

When Does Amazon Become a Monopoly?
AP Photo/Elaine Thompson

On Friday morning, Amazon announced it was buying Whole Foods Market for more than $13 billion. About an hour later, Amazon's stock had risen by about 3 percent, adding $14 billion to its value.

Amazon basically bought the country's sixth-largest grocery store for free.

As the financial reporter Ben Walsh pointed out on Twitter, this is the opposite of what's supposed to happen—normally, the acquiring company's share price falls after a major purchase—and it suggests that investors now believe something odd is going on with Amazon. What could it be?

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