WalMart Buys for 3 Billion +300 Million In Stock


Jesus. This is just mind-boggling to me. launched about a year ago and WalMart just bought them for 3 billion PLUS 300 million in shares for top brass at Jet.

A company that started just over a year ago. Sold. For 3 BILLION DOLLARS.

Holy crap. I really, really got into the wrong business.

But seriously, how can it be valued at that much? I know WalMart is buying it just to have the online infrastructure and all but how can that infrastructure be valued that high?

Are people starting to get that turned off Amazon that an alternative can have that much potential even before it’s remotely proven?