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Tech IndustryAug 7, 2016
LinkedInLyin' Ted

Can Walmart beat Amazon?

http://www.recode.net/2016/8/7/12395114/walmart-jet-acquisition-3-billion-price

Walmart is buying Jet.com for $3 billion
Walmart is buying Jet.com for $3 billion
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115 Participants
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Uber bra Aug 7, 2016

no Jeff too strong

Uber Fxdg11 Aug 7, 2016

Awesome exit for Jet.com founder though

Uber football Aug 7, 2016

I would compare this to google's acquisition of nest.

Microsoft flashcard Aug 8, 2016

But inverted, where Google has an awesome internal stack and similarly Jet.com (although, F#...), vs Nest and Wal-Mart.

Uber brolympicz Aug 7, 2016

Amazon is a monster of a company. There is no way Walmart can touch them now. They missed their chance like 15 years ago.

Amazon 8=======D Aug 7, 2016

Hahaha

Amazon whatduwhat Aug 8, 2016

Lol

eBay JpRY63 Aug 8, 2016

Walmart doesn't have Sam Walton and Amazon has Jeff Bazos. so, Walmart cannot beat Amazon.

Microsoft Kflm14 Aug 8, 2016

2 losers (walmart online biz) combined together doesn't make winner

Amazon sfSn64 Aug 8, 2016

doesn't the $3 billion valuation seem crazy?

Uber brolympicz Aug 8, 2016

It's desperation from Walmart. Guess what's going to happen to Jet.com? Same thing that happened to Kosmix. The founders get super rich, and within 3 years everyone that made the company great has moved on. When will they learn that acquihires are usually a waste of money?

Amazon tw8867 Aug 8, 2016

In just one year Jet.com will have hit $1 billion in sales. A 3x multiplier on revenue for a 1 year old company is very risky, but a steal if their success was just the tip of the iceberg. Hell, Amazon should have bought Jet and made this guy sign a stronger non-compete this time ;) jk

Microsoft E.bachmann Aug 8, 2016

Lulz....not a chance.