Monday, August 08, 2016

Walmart to Acquire JET.COM! Watch out Amazon?

Wal-Mart has been looking into different ways to compete with Amazon and it just took another giant step forward. Wall Street Journal reports that Wal-Mart is set to acquire Jet.com for 3.3 Billion! In this agreement the founder of Jet.com Marc Lore will now run Walmart.com. While there are critics who think there is no way Wal-Mart can successfully compete with Amazon one thing is clear: Marc Lore just made himself some serious cash!


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