Walmart to discontinue Jet.com
Retail giant Walmart says that the company will discontinue Jet.com, the online-only marketplace that Walmart acquired in a whopping $3 billion deal back in 2016. It was an expensive effort to take on Amazon, “Due to continued strength of the Walmart.com brand, the company will discontinue Jet.com,” the company said in a short statement. “The acquisition of Jet.com nearly four years ago was critical to accelerating our Omni strategy.”
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