2min chapter

Channels with Peter Kafka cover image

Is Instagram the place to unbreak news?

Channels with Peter Kafka

CHAPTER

Amazon and Walmart's Pitch Battle

Amazon spent over $3 billion to buy a company called Jet.com. Amazon executives say for our first 10, 15 years, we were extremely fearful that if Walmart took advantage of their key advantage. We don't know for a long time they were like, do we really need to build a big business here? And eventually decided that their best bet was to acquire talent and expertise in that space.

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