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Actionable news in WMT: WAL-MART STORES Inc,

This Pennsylvania guy probably made a killing on the Wal-Mart-Jet.com deal

Whether you're a venture capitalist or just a bill-paying Joe, you're probably wishing you were in Eric Martin's shoes right now.

Wal-Mart's $3.3 billion acquisition of e-commerce company Jet.com was potentially a flush exit for early employees and its familiar big-name investors like Goldman Sachs, Bain Capital and Fidelity. But it was also a probably huge windfall for 10 people who — like Pennsylvania's Eric Martin — won significant equity in the company.

Martin won 100,000 shares in Jet.com last year as part of a contest aimed to get users to refer the most family and friends to the membership-based site. That means he'll likely get some sort of slice of Jet's $3.3 billion price tag, along with a handful of other contest winners, who each got 10,000 shares.

It's a nice surprise for a family man who spent about $18,000 to refer about 8,000 customers to Jet in early 2015, surpassing more than 200,000 other contestants for the prize...


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