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

14:36 19.05.2020
So much for Walmart’s big and expensive effort to take on Amazon with a digitally-native brand. Today, the retail giant announced in its quarterly report that it would be discontinuing Jet.com, the online-only marketplace that it acquired for $3 billion when it was just over one year old. “Due to continued strength of the Walmart.com […]...
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