I can remember the TTS standup like it was yesterday. Our CIO being asked about WMT acquisition of jet.com and him mocking the purchase price of $3B. Since that day WMT market cap up about $85B (40%) and TGT market cap down about $11B (-28%). He's a fool and TGT will pay the sacrifice for hiring him, no vision.
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In case any confusion....we are getting off the f#cking mainframe. Are we clear now? Any questions, MM says kiss his A$$.
The grass ain’t greener:
4qkx: former Target, current WMT : SSDD
For us insiders at WMT, the 3.3B purchase of JET is a joke to all but the leaders at the very top.
Seems to be in the job description: "Be completely oblivious to industry trends, and wait until the market innovates before reacting, then screw it up completely."
How do I get that new Hearth and Hand product on Jet.com?