WalMart Wastes Billions in Acquiring Jet.Com.
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Posted On: 08/18/2016 3:55:33 PM
Walmart Wastes Billions in Acquiring Jet.Com.
WalMart latest strategy of acquiring Jet.com isn’t effective enough to beat Amazon. Though the $3 Billion deal has been touted as a win for both the companies, there are many who strongly believe that Walmart just wasted billions in acquiring a relatively new firm that is not yet profitable.
One has to agree, when it comes to online, Amazon is the biggest player and there is no one really close to it.
Do you think Walmart made the right move or did it even pick the right company?
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