Other grocery stocks plummet as Amazon buys Whole Foods for $13.7B

 Amazon scared investors away from competing grocery stores today when it acquired Whole Foods for $13.7 billion. Wal-Mart, Target, Costco, Kroger, and more all saw their share prices sink dramatically. Amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help Whole Foods run circles around its old-fashioned rivals. As… Read More

Submission management startup Submittable raises $5M

manuscript Submittable, a startup used by more than 9,000 companies to manage submissions, has raised $5 million in Series A funding.
Missoula, Montana-based Submittable was founded in 2010 with an initial focus on literary magazines that wanted help keeping track of manuscript submissions. As co-founder and CEO Michael FitzGerald put it, “We started with the poorest customers you could possibly… Read More