Jet.com raises $500M from Fidelity at $1B pre

Re:Jet.com raises $500M from Fidelity at $1B pre by eistrati on Wednesday November 04, 2015 @11:06AM (#10507481)

I admire what they do, but I definitely don't understand how they do it :)

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Re:Jet.com raises $500M from Fidelity at $1B pre by jazzyk on Wednesday November 04, 2015 @11:15AM (#10507558)

The proven business model: sell at a loss, but make it up in volume.

Proven to go bust, that is.

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Re:Jet.com raises $500M from Fidelity at $1B pre by wahsd on Wednesday November 04, 2015 @11:42AM (#10507743)

I'm not sure I understand the whole selling at a loss thing. Their stuff's expensive unless I'm just doing it wrong.

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Re:Jet.com raises $500M from Fidelity at $1B pre by eistrati on Wednesday November 04, 2015 @11:20AM (#10507592)

Yeah, $0.5B to experiment with that :)

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