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Wal-mart in talks to buy Jet.com for $3 billion
- putlake 10y agoIs Jet.com really worth $3B? I tried it on multiple occasions because of the hype surrounding it and was underwhelmed. From the WSJ article: Wal-Mart would gain Jet’s sophisticated pricing software, as well as warehouses and valuable customer data. The retailer also would get a brand that can appeal to higher-income shoppers, something Walmart.com has struggled to do. Walmart.com shoppers’ mean annual household income was $58,000 in 2015, while Amazon shoppers made $68,000, according to data from Kantar Retail.
- nanis 10y agoI tried it a handful of times. Each time, I got frustrated and left. Looked good for 1999.