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Confirmed: Walmart buys Jet.com for $3B in cash

429 点作者 brandonlipman将近 9 年前

25 条评论

KenCochrane将近 9 年前
Jet.com ran a contest where they gave 100,000 shares as the top prize for the most signup referrals. This Guy is probably one happy guy right now. He spent $18k and the value of those stocks are probably worth in the millions.<p><a href="http:&#x2F;&#x2F;www.businessinsider.com&#x2F;jet-insiders-referral-program-winner-2015-2" rel="nofollow">http:&#x2F;&#x2F;www.businessinsider.com&#x2F;jet-insiders-referral-program...</a>
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rogerdpack将近 9 年前
I figured out what is going on here. Walmart thinks to themselves &quot;we want to be like amazon, we want to be huge online&quot; and then jet comes along and is something of an almost competitor to amazon, so corporate thinks &quot;oh we should snap this up&quot; but...my gut reaction here is this is going to be a terrible deal for walmart, what are they going to do, keep dumping $500M&#x2F;yr for it at a loss or what? Pretty desperate, but whatever.. :)
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a_small_island将近 9 年前
What&#x27;s the likely scenarios for an employee whose been there for 2 years, an employee whose been there for 1 year, and an employee whose been there for 6 months? If we assume 1 year cliff on options.
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tedmiston将近 9 年前
I really hope Walmart doesn&#x27;t scrap the Jet Anywhere cash back program [0].<p>It seems not well known and somewhat controversial, but offers generous rates higher than everywhere else. For example, 4.8% from Expedia, 5.6% from Orbitz. Unlike every other cash back program they do not cap the amount for flights.<p>JetCash is effectively real cash because many items are available cheaper than even from Walmart, Amazon, or Costco. Presumably Jet was taking a loss on those transactions in the short term. It really has been my favorite cash back program ever.<p>[0]: <a href="https:&#x2F;&#x2F;jet.com&#x2F;anywhere" rel="nofollow">https:&#x2F;&#x2F;jet.com&#x2F;anywhere</a>
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ffggvv将近 9 年前
It&#x27;s funny how everyone was saying that Walmart would never pay $3B <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=12218654" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=12218654</a>
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SmellTheGlove将近 9 年前
Good for them. I talked to a couple of folks there regarding potential roles that they&#x27;d had in the HN hiring thread. We never went anywhere on that front, but everyone that I interacted with was a total class act. I hope this works out well for the existing employees.
rdlecler1将近 9 年前
I get why Walmart would buy them, but it seems to me they could have waited 6-12 months and bought the company for $300m. There&#x27;s just no way they were showing growth. The only thing that makes sense is that Jet would have been damaged goods in 12 months and this was the only option for Walmart to build a millennial friendly competitor to Amazon.
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wheaties将近 9 年前
I have to wonder if the employee stock options were worth anything? Most telling is that Walmart decided to throw ~$300M at the founders &quot;and others&quot; to retain them. Does that mean, in this case, that the founding team is the only one who walks away with a payday?<p>And to be clear, this isn&#x27;t a cynical musing. I&#x27;m genuinely curious to see how this worked out for them.
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dpeterson将近 9 年前
Walmart easily owes over 3 billion in taxes every year. There is a tiny almost non existent chance they will get a return as profit. However there is a 99.999% chance they get jet.com for free when they write it off as a complete loss in 2 years. If nothing else they get a valuable 3 letter domain name for nothing.
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WhitneyLand将近 9 年前
Is anyone here using Jet on a regular basis? I tried it once a few months back and dismissed it as nothing innovative enough to be a sustainable Amazon competitor.<p>I must have been very wrong. I don&#x27;t see how Jet justifies 3B from Walmart.<p>I will credit them on one point - They do seem have great employee sat that is a result of investing lots of time and energy to create a healthy environment.
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yomly将近 9 年前
Call me a sceptic but a hail-mary acquisition of this kind is not going to save Walmart.<p>Amazon is built through and through as a tech company. The people running it all have tech backgrounds so they&#x27;re all able to get behind the Bezos vision of automation and scale trumping all.<p>To give you an idea of how savvy the management of Amazon are, I heard rumours that Diego Piacentini (Bezos&#x27; lieutenant managing the retail business) was known to roll out his own SQL queries. My own head of the team, who was a more conventional &quot;retail guy&quot;, barely knew how to use excel and had chiefly gotten to where he was by politics and tenureship, despite being younger than Diego. Whether it is true or not, it gives an idea of the mindset and skillset valued at the top of Amazon.<p>Now I&#x27;m almost certainly biased given that I&#x27;ve worked for Amazon and not for Walmart, but I&#x27;d be willing to bet that Walmart has more of the latter &quot;old school&quot; types than CS folks looking to solve new fields. And to me, that says that the odds are tipped against this integration being successful as catching up with a tech company would require an overhaul of Walmarts entire infrastructure and culture. Not to mention that Walmart are at the mercy of their shareholders, whilst Bezos is still majority shareholder.
cosmoharrigan将近 9 年前
Are there any sources indicating what percentage of sales or units are from third-party retailers?
plandis将近 9 年前
This is interesting. I always assumed that Jet was operating at a loss for a significant amount of their stock due to shipping costs.<p>I wonder if Walmart&#x27;s more physical presence can help with this?
throw42将近 9 年前
Guess who is on Walmart&#x27;s board, and likely voted when the acquisition discussion was happening.<p>Our very own Marissa Mayer. We also have Kevin Systrom on teh WM board.
blackaspen将近 9 年前
Based on how Walmart&#x27;s eCommerce has failed to grow I think this is a waste of $3B. Hopefully the Jet employees get a nice payday out of it.
Fej将近 9 年前
I knew this was their plan as soon as they pivoted away from the &quot;club&quot; business model.<p>Damn shame, I was hoping to maybe apply there at some point.
JHutson将近 9 年前
So what does this all mean for people currently purchasing shares of Jet? It&#x27;s still a penny stock...but will this change later in the year when the merger is complete or perhaps in 2020 when Jet claims it will be profitable? Based on the valuations of the company&#x27;s worth, where do a analysts estimate Jet stock to go?<p>Thanks!
mabramo将近 9 年前
They came to my university to recruit last spring. I bet whoever got that job feels real good right now.
perseusprime11将近 9 年前
I doubt this will change the trajectory of Walmart. Bezos has the upper hand.
mikeyjkk将近 9 年前
In cash? Really?
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dmode将近 9 年前
This seems like a very average deal for investors. They would have similar returns if they invested that money in Amazon or Facebook stock
ismdubey将近 9 年前
Compare this with Dollar Shave Club acquisition for 1B. Either Jet is overvalued or DSC is undervalued !!!!
jackmott将近 9 年前
Jet.com is a big user of the F# language. Will be interesting if they get Walmart on board too.
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nine_k将近 9 年前
On one hand, being bought for $3B. On the other hand, joining Walmart. (Sorry, could not help but being a bit redditish about it.)
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ArtDev将近 9 年前
I hope they don&#x27;t scrap jet.com (but I suppose they will). My wife and I just discovered it rather recently :(<p>Am I the only person who would rather pay more than have to order anything from walmart.com?<p>Aside from serious ethical issues, my issue with Walmart is that manufacturers produce lower-quality brand-name items just for Walmart. Its hard to know what you are actually purchasing.