$3B Jet.com eCommerce Play by Walmart

For as long as there has been retail there have been many ways to approach the proposition.  I see no reason this won't continue as online sales/retail ascends.  Why only Amazon when the last 100 year has had Macy's and Sears and Walmart, etc.??  No way we won't see more players, even if some of those get bought up by others.

Walmart is picking up Jet.com for a mere $3B dollars. Announcement is happening today.

Not bad for a few years work.  I saw one short story that a lucky customer of Jet won some shares in the startup, and those shares are now worth a few pennies.  Laughing all the way to the bank.

Here is a snippet from the news:

Walmart missed out on a Marc Lore company once, when Amazon swooped in to beat it to the purchase of Diapers.com’s parent company several years back.

The giant retailer may not let it happen again.

Walmart is in talks to acquire Jet.com, Lore’s new startup that has raised more than $800 million in financing in an attempt to build a new online megastore, according to a person familiar with the talks. It is not clear how far along they are. News of the talks was first reported by the Wall Street Journal, which said the tie-up could value Jet at as much as $3 billion.

Here is the full story:

http://www.recode.net/2016/8/3/12368608/why-walmart-acquire-jet-com

Happy Reading,

J.W. Gant