Re:Confirmed: Walmart buys Jet.com for $3B in cash
by jonknee on Monday August 08, 2016 @02:00PM
(#12249639)
> They must be burning lots of cash though. I placed a $100 order with about 7 items and it came in 6 different boxes.
It's an interesting business model for sure. They were spending $20-25m a month on advertising and then on top of that is selling things for less than they cost.
It's an interesting business model for sure. They were spending $20-25m a month on advertising and then on top of that is selling things for less than they cost.