Walmart buys

Some observations (about a month late) about Walmart’s announcement in early August that it is acquiring web startup Here’s my comment from a recent RetailWire panel discussion:

The risk isn’t great to Walmart, considering the purchase price vs. Walmart’s scale. But the reward is definitely in favor of’s founders and investors, who are about to become very wealthy. The real question is whether Walmart intends to keep the brand alive or simply wants to take a competitor off the playing seems to have followed the typical internet startup path of losing money while aggressively trying to build traffic and market share. But Walmart’s move makes it hard to tell if Jet’s business model is sustainable over the long haul. Let’s face it — nothing about this move changes the reality that Amazon is the alpha dog.


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