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Diamatic (NYSE: WMT) It is one of the world’s largest retailers. Great formatted box stores, Sam’s club stores and smaller grocery stores have won mass success. But this does not mean that everything turns into gold. The company has recently been an effort for the last $ 2.3 billion investment in Vizio and to close investors closely.
One of the most remarkable obtains retail Walmart was Jet.com in recent years. This about $ 3.3 billion contract returns to 2016 when he tried to compete with Walmart Amazon.com (NASDAQ: Amzn). The jet.com deal was less than ten years ago, it looks like a completely different time.
The back, Walmart’s online was not particularly impressive, and Amazon was still in the first days of growth. According to Walmart:
By adding and adding new opportunities to customers, customers, Walmart application, site and stores will serve customers on the site and complement the important basis of the company to grow faster e-commerce.
This is a little cheerleading expected in the broadcast of a corporate event news. However, this was the key to this news: “Walmart and Jet, Walmart.com will continue to provide a unique and different customer experience with Walmart.com, Jet, Castured assortment aimed at delivering a daily price strategy daily.”
In 2020, after just four years after the purchase of Jet.com, Walmart Jet.com closed the website. Management expanded the benefits of a deal that helps to develop an online retail game. But in the end Jet.com really did not gain investment for Walmart.
This brings the story to Vizoyo, which created a program platform for electronic and recently advertising. Advertising is a new growth initiative for Walmart. Thus, in some ways, the $ 2.3 billion Vizio deal makes sense. Today, the market cover of Walmart, which is more than $ 700 billion today, is not a complete operation.
The problem is that Walmart has not been specific to the retailer from some new software from the new software. Within The company’s fourth quarter calls 2024 earningsWalmart CFO John David Rainey celebrated:
In addition to Vizio and its SmartCast operating system, we are exciting in addition to the portfolio of ad opportunities. Vizio will help customers to create new ways to create new opportunities to create new opportunities for customers to communicate and strengthen their products and have more effects with Walmart.
