- Impact
- 24,866
Jet.com will shut down, 4 years after Walmart paid $3 billion to acquire it.
The original Jet.com was formed in 2014, after was sold by domain investor, Garry Chernoff, deal brokered by igloo (now Domain Advisors)
When Walmart acquired Jet.com in 2016, goal was to complement brick-and-mortar and compete against Amazon as the primary online
Despite efforts to promote Jet.com brand, sales haven’t been stellar; and will end Jet.
It’s possible Walmart will consider selling domain Jet.com to an aviation company. Once Coronavirus pandemic subsides.
Hat tip DomainGang @Acroplex; https://domaingang.com/domain-news/walmart-shutting-down-jet-com-it-paid-3-billion-dollars-for/
The original Jet.com was formed in 2014, after was sold by domain investor, Garry Chernoff, deal brokered by igloo (now Domain Advisors)
When Walmart acquired Jet.com in 2016, goal was to complement brick-and-mortar and compete against Amazon as the primary online
Despite efforts to promote Jet.com brand, sales haven’t been stellar; and will end Jet.
It’s possible Walmart will consider selling domain Jet.com to an aviation company. Once Coronavirus pandemic subsides.
Hat tip DomainGang @Acroplex; https://domaingang.com/domain-news/walmart-shutting-down-jet-com-it-paid-3-billion-dollars-for/
Last edited: