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Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B

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Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B

#191

Earlier quoted context omitted.

> What surprises me is that in many European countries, you can now order ALL of your groceries delivered. You can do it in much of the US, too; a number of brick-and-mortar grocery chains offer online ordering home-delivery services, even before considering third-party or online-only grocers.

I've lived in multiple states in the past 5-ish years. Nowhere I've lived has had this.

Omaha has had it for a few years now, not sure which cities you've been in, but we aren't known for being ahead of the curve here.

Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B

#192

Earlier quoted context omitted.

What surprises me is that in many European countries, you can now order ALL of your groceries delivered. You place an order, and someone physically walks around a local supermarket, picks up stuff, they put on a van, and it is delivered to your home. It is actually very inexpensive (and free if you spend enough). Yet nobody in the US does that (well nobody outside of big cities). Walmart right now today has a HUGE ad…

> What surprises me is that in many European countries, you can now order ALL of your groceries delivered. In the US my local grocery (Harris Teeter) has a service where you order online and go through a drive through to pick up. The cost was $4.95/order or $99/year. They have recently added full delivery for $14.95/order (not sure on the yearly fee). I live in a medium sized city.

HyVee (Midwest), is free for orders over a $100. Everyone I know without a family just ordered $101.

Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B

#193
post #120

Whoa whoa whoa stop the clock ;) Before everyone gets up in a big frenzy on the price, read the article (closely): "It isn’t clear how much Wal-Mart would pay, but a person familiar with the matter said Jet could be valued at up to $3 billion in private markets." That is nowhere near a statement that $3B is number from Wal-Mart. That means "someone" thinks they COULD be valued at UP TO $3B in "private markets". That…

Thoughts after today?

Mea culpa! I was 100% wrong on this call. Made sense at the time though.

Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B

#194
post #120

Whoa whoa whoa stop the clock ;) Before everyone gets up in a big frenzy on the price, read the article (closely): "It isn’t clear how much Wal-Mart would pay, but a person familiar with the matter said Jet could be valued at up to $3 billion in private markets." That is nowhere near a statement that $3B is number from Wal-Mart. That means "someone" thinks they COULD be valued at UP TO $3B in "private markets". That…

Aaaaaaaand I was 100% wrong!

Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B

#195
post #194
post #120

Whoa whoa whoa stop the clock ;) Before everyone gets up in a big frenzy on the price, read the article (closely): "It isn’t clear how much Wal-Mart would pay, but a person familiar with the matter said Jet could be valued at up to $3 billion in private markets." That is nowhere near a statement that $3B is number from Wal-Mart. That means "someone" thinks they COULD be valued at UP TO $3B in "private markets". That…

Aaaaaaaand I was 100% wrong!

:)
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