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by iancmceachern 1044 days ago
Who? I'm genuinely curious
2 comments
dragontamer 1044 days ago
Jet.com

This startup sold goods 10% off from Amazon. They did this by buying from Amazon, repackaging the goods in a Jet.com box, and then shipping the new box to the customer.

After losing money on every sale for months, Walmart bought them out and the owners made tons of money.

I'm pretty sure Walmart did nothing with Jet.com and it ended up as a giant waste of money.

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iancmceachern 1044 days ago
Thank you!

Seems like these are cases of basically exploitation.

They're not adding actual value to the economy, but taking lots out.

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ilrwbwrkhv 1044 days ago
We work founder? Not just millions. Billions.
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iancmceachern 1044 days ago
Yeah, but he is basically a crook
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ilrwbwrkhv 1044 days ago
Didn't stop him from raising 300 million again from a16z.
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