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Wait, so Walmart is about to give up on a 3-year-old strategic bet because they're losing to a competitor that had a 20 year head start[1]? This seems like cla

• skybrian 7y ago
  To me, it doesn't sound like a question of giving up. There is a dispute over how much money to spend on infrastructure while pursuing growth. Do they spend lots and lose money for a while, or go with a slower build that's profitable? Apparently the high-spend advocates talked to the press as a way of pressing their case? There's no way for us to know who is right based on reading one article.
  • tracker1 7y ago
    Given Vox's hyperbolic nature in terms of articles and agendas, I'm not sure how big an issue it actually is. Beyond this, I'm frankly surprised it's only 1b this early on... Compared to most startup initiatives, accounting for scale, it's really not bad at all.
• pm90 7y ago
  > This seems like classic short-term thinking in an ossified organization. Yeah, unfortunately this is very common. There are good reasons for this. If you're a public company, your financial health is being constantly scrutinized by wall street which will punish your stock price (and thus, executive compensation as well). Which incentivizes short term planning, and long term investments need to pay some sort of dividend, or else it will become a closely scrutinized and wildly unpopular.