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Walmart just bought jet.com for $3 billion

pattitler 179 505 August 8, 2016 at 05:10 PM
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http://money.cnn.com/2016/08/08/t...index.html

Looks like Walmart is trying to more aggressively counter Amazon. Hard to say how this will affect jet.com deals going forward. They've petered out recently, maybe this will jump start them again.
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#2
Jet's plan to get bought worked They were never any threat to Amazon. Just kept the deals rolling and the lights on until a sucker came by to sweep up the mess.

Sucker = Wal-Mart
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#3
Quote from firstrival View Post :
Jet's plan to get bought worked They were never any threat to Amazon. Just kept the deals rolling and the lights on until a sucker came by to sweep up the mess.

Sucker = Wal-Mart
Yeah, I never really understood their business plan, other than get bought out like you said. And I really don't see how they are worth $3.3 billion. But if Walmart is willing to splash that much cash maybe they are serious about online and might finally give a little competition to Amazon (who has been getting worse and worse). Hopefully good for us SDers.
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#4
competition is good for the consumer. Jet started off promising and there were some good deals early on. But they started to suck bad and their prices were mediocre and their shipping slow.

Hopefully walmart revamps jet and goes HAM on amazon. that way amazon improves also. they have been slipping in a number of way including shipping delays and customer service experience.
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