What is Jet dot com?

Jet.com is the ambitious little cousin of Amazon.com. Founded by Marc Lore, who sold his company Diapers.com to Amazon in 2013, Jet is disrupting the online shopping experience by offering significant discounts over other e-commerce sites.

Is Jet com owned by Walmart?

Walmart acquired Jet.com for $3.3 billion in 2016 to help it fend off Amazon’s rapid rise. The company said Tuesday that it will discontinue the website. Walmart CEO Doug McMillon credited the acquisition for “jump-starting the progress we have made the last few years” with e-commerce.

What is Jet com and how does it work?

Jet.com is an e-commerce portal that claims to provide products at attractive discounts with prices lower or equal to those provided by the competitors, like Amazon. According to founder Marc Lore, prices on Jet will, on average, be 5 to 6 percent cheaper than elsewhere on the Web.

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Is Jet com a competitor for Amazon?

Walmart-owned Jet.com sells many of the same products as Amazon, though on a smaller scale. Jet competes in a number of ways, including by offering free two-day shipping on orders over $35. We compared what it’s like to shop on Amazon and Jet and found that they each had advantages.

What is Jet dot com?