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A comment on Amazon soars to more than 341K employees, adding 110K people in a single year. Parent comment

Re:Amazon soars to more than 341K employees, adding 110K peo... by petra on Friday February 03, 2017 @02:41PM (#13562589)
>> jet.com reached their 1B revenue target by losing money on every transaction

First, they ship 30% of their orders from their own warehouse.

Second, if jet.com was a "bubble" company, with nothing to back themselves up, i'm not sure Walmart would have ackuired them for $3B.

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Re:Amazon soars to more than 341K employees, adding 110K peo... by hyperbovine on Friday February 03, 2017 @07:39PM (#13564743)
Walmart's revenues are $500b a year. It's pocket change to them. And the list of old economy stalwarts overspending on tech startups is practically infinite. Few of these acquisitions ever lead to anything. Amazon must have been cracking up that they scared Walmart into doing this.
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