Wednesday, July 3, 2019

Walmart's E-commerce Losses Surpass $1 Billion.

Damn, that's a lot of money to lose just trying to catch up to Amazon.

The country’s most dominant brick-and-mortar retailer agreed to the largest-ever acquisition of an e-commerce company: a $3.3 billion purchase of a fast-growing but money-sucking online shopping site called There were no other bidders for Jet back then, but Walmart was desperate to close the huge gap between itself and Amazon, the online shopping wrecking ball.