Wal-Mart Agrees to Buy Jet.com for $3 Billion

The transcript discusses Walmart's challenges in growing its online sales compared to Amazon. Despite significant investments, Walmart's online growth has slowed. The company acquired Jet.com for $3 billion, hoping to leverage its technology and team, led by Marc Lore, to compete with Amazon. Jet.com achieved rapid growth, but questions remain about its profitability and pricing strategy. Walmart aims to integrate Jet.com's business to eventually report profits in its online operations.

What challenges is Walmart facing in its online operations compared to Amazon?

How much money has Walmart invested in its online operations, and what has been the outcome?

What is the significance of the $3 billion deal mentioned in the text?

Discuss the role of the founder mentioned in the text and how it relates to Walmart's strategy.

What strategies has Walmart employed to compete on price, and how effective have they been?