https://www.reuters.com/article/us-walmart-jet-com/jetcom-falls-by-wayside-as-walmart-focuses-on-its-website-online-grocery-idUSKCN1TD2PS
4 replies (most recent on top)
Lore wants his money, once he gets that he will exit or be exited gracefully
Competition from amazon is relentless and a lot of pressure is applied to perform as well as amazon. Will be fun to watch wal mart die a death of a thousand cuts.
Here's the first paragraph of the article:
WASHINGTON (Reuters) - Walmart Inc on Wednesday announced a sweeping overhaul at Jet.com, an online start-up it acquired in 2016 for $3.3 billion, after it failed to live up to the world’s largest retailer’s e-commerce ambitions.
You can't sprinkle sugar on a pile of $#!t and call it candy.
Not shocking.
I’m surprised Lore is still here.