Jet.com
TL;DR
E-commerce company acquired by Walmart in 2016 for $3.3 billion, primarily for founder Marc Lore and his team.
Speed Read
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300 WPM
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E-commerce company acquired by Walmart in 2016 for $3.3 billion, primarily for founder Marc Lore and his team. The acquisition demonstrates Walmart's strategy to overcome metabolic limits by buying capability rather than building it.
Key Leaders at Jet.com
Marc Lore
Founder
Walmart acquired Jet.com primarily for his e-commerce expertise
Key Facts
2014
Founded