Actionable news
0
All posts from Actionable news
Actionable news in WMT: WAL-MART STORES Inc,

Why You Should Be Wary of Walmart's Latest Acquisition

For online startups, it's starting to look like 2000 all over again.

In July, Unilever plc (UL) bought Dollar Shave Club, a website peddling disposable razors to members, for $1 billion-or around five times the company's forecast revenue this year. Then last week, Walmart Stores (WMT) bagged two-year-old online retailer Jet.com for $3.3 billion.

These are huge sums to pay for unprofitable companies, but the upside is that they hand the big players assets that...


More