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Jet.com was an American e-commerce company headquartered in Hoboken, New Jersey. The company was co-founded in 2014 by Marc Lore (who had previously sold Diapers.com to Amazon.com ), along with Mike Hanrahan and Nate Faust.
May 19, 2020 · Walmart acquired Jet.com for $3.3 billion in 2016 to help it fend off Amazon’s rapid rise. The company said Tuesday that it will discontinue the website. Walmart CEO Doug McMillon credited the...
May 19, 2020 · Jet.com, a startup that offered creative discounts to customers, will be discontinued by Walmart due to the strength of its main site. The online traffic of Jet.com has declined since Walmart acquired it for $3.3 billion in 2016, while Amazon shut down its rival Quidsi.
Aug 8, 2016 · Walmart announced its acquisition of Jet.com, one of the fastest growing and most innovative e-commerce companies in the U.S., in August 2016. The deal aimed to lower prices, broaden assortment and offer a simpler shopping experience for customers across Walmart's app, site and stores.
May 19, 2020 · Walmart announced that it would shut down Jet.com, the e-commerce platform it acquired for $3 billion, amid the COVID-19 crisis and its impact on the retail industry. The company said it would focus on its core Walmart.com brand and its omni strategy, as it struggles to reduce its e-commerce losses.
Jun 13, 2019 · Walmart bought hot e-commerce startup Jet.com in a $3.3 billion deal in 2016. Now, Walmart is folding all Jet employees in to the rest of its e-commerce operations, while retaining the Jet...
Sep 19, 2016 · Walmart completed the acquisition of Jet.com, a fast-growing e-commerce company, in September 2016. The deal aimed to accelerate Walmart's online growth and offer customers more savings and choices.
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