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A comment on Confirmed: Walmart buys Jet.com for $3B in cash. Parent comment

Re:Confirmed: Walmart buys Jet.com for $3B in cash by Maarten88 on Monday August 08, 2016 @01:24PM (#12249365)
> keep dumping $500M/yr for it at a loss or what?

I think building Amazon wasn't cheap too. Amazon made losses for most of two decades straight, so Walmart dumping massieve money into building a competitor, with the insights of today, might still be cheap, relatively.

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Re:Confirmed: Walmart buys Jet.com for $3B in cash by rpgmaker on Monday August 08, 2016 @03:55PM (#12250442)
Amazon turned a "small" profit just the other day. Overall I think it's still fair to categorize it as a money losing venture (so far).
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Re:Confirmed: Walmart buys Jet.com for $3B in cash by sjg007 on Monday August 08, 2016 @01:58PM (#12249628)
All shopping is going to be online and delivered for the same price as going to a big warehouse store. With the dash buttons and the third party integration Amazon is too big to ignore.
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Re:Confirmed: Walmart buys Jet.com for $3B in cash by gscott on Monday August 08, 2016 @05:23PM (#12250984)
Walmart being a established multi-national company they can't really have unprofitable divisions or unprofitable quarters. This will be equivalent to Yahoo's Tumblr acquisition (a failure).... no amount of heads exploding blue dust will save this.
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