One year later, Walmart's biggest acquisition is proving naysayers wrong (WMT, AMZN) [The Business Insider]
Walmart Inc. (WMT)
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Source: The Business Insider
One year later, Walmart's biggest acquisition is proving naysayers wrong Read the original article on The Motley Fool . Copyright 2017. Follow The Motley Fool on Twitter . Marc Lore, CEO and founder of Jet.com, now leads Walmart's e-commerce efforts Jet When Wal-Mart Stores, Inc. spent $3.3 billion to take over e-commerce start-up Jet.com , much of the financial media raised its eyebrows. The consensus seemed to be that Wal-Mart dramatically overpaid for an unproven, profitless, e-commerce business as it was the highest price ever paid for a U.S. e-commerce business, while others derided the move as a "acqui-hire," arguing that Wal-Mart shelled out billions primarily to gain the services of Jet.com Founder Marc Lore. Lore, who had sold his first e-commerce business, Diapers.com-parent Quidsi to Amazon.com in 2010, is considered by many to be the sharpest mind in e-commerce behind Amazon Founder and CEO Jeff Bezos. Lore took over Wal-Mart's U.S. e-commerce operations and continu
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WMT
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- 12/23/25 - Form 4
- 12/19/25 - Form 4
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