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>> jet.com reached their 1B revenue target by losing money on every transaction First, they ship 30% of their orders from their own warehouse. Second, if jet.
by petra 10y ago
>> jet.com reached their 1B revenue target by losing money on every transaction
First, they ship 30% of their orders from their own warehouse.
Second, if jet.com was a "bubble" company, with nothing to back themselves up, i'm not sure Walmart would have ackuired them for $3B.
- hyperbovine 10y agoWalmart's revenues are $500b a year. It's pocket change to them. And the list of old economy stalwarts overspending on tech startups is practically infinite. Few of these acquisitions ever lead to anything. Amazon must have been cracking up that they scared Walmart into doing this.