Alireza Ahmadi

1435 days ago

From HN thread: "One could argue that Walmart didn’t pay $3B for Jet; they paid $3B for Marc Lore, which might still prove to have been a decent buy."

Walmart says it will discontinue Jet, which it acquired for $3B in 2016

techcrunch.com

So much for Walmart’s big and expensive effort to take on Amazon with a digitally-native brand. Amid the coronavirus crisis and its impact on the retail industry, today the retail giant quietly announced in its quarterly report that it would be discontinuing Jet.