Marc Lore

Data intelligence platform Tracer announced a new president to lead the company and a funding round to power the company’s growth. Here are the key details. What Happened: Tracer announced Obele Brown-West has been appointed as the first president of the company. The company also announced a...

A highly anticipated NFT event being held in May announced additional NFT artists, athletes and company executives who will appear at the inaugural event. What Happened: A second round of speakers and entertainers for VeeCon 2022 was announced Friday, Jan. 28. This is the follow-up to a...

One of baseball's greatest players and a retail leader are teaming up on a bid for a professional sports team. What Happened: 14-time MLB All-Star Alex Rodriguez is teaming up with Marc Lore in an attempt to buy the NBA’s Minnesota Timberwolves. Lore was the founder of Quidsi, which was...

Urban air mobility company Archer has found a SPAC deal to bring its electric vertical takeoff and landing vehicle — eVTOL — to market.  The SPAC Deal: Urban air mobility company Archer is going public in a SPAC merger with Atlas Crest Investment Corp (NYSE: ACIC). The...

By the summer of 2016, it had become apparent the U.S. retail terrain had shifted beneath Walmart Inc.'s (NYSE: WMT) feet. The brick-and-mortar model it dominated for decades had already begun to lose momentum. As traditional retail was descending, e-tail was thriving, dominated not by Walmart but...

Retail giant Walmart Inc (NYSE: WMT) said Tuesday it will be able to offer 75 percent of the U.S. population a one-day delivery option by the end of the year. The free offer to consumers keeps Walmart "in the game" against online rival Amazon.com, Inc. (NASDAQ: AMZN), according to Jan...

Less than 18 months after its high-profile IPO, Blue Apron Holdings Inc (NYSE: APRN) is officially a penny stock. Blue Apron shares dropped below $1 for the first time this week, marking a more than 90 percent decline from its June 29, 2017 IPO price of $10. With heavy hitters targeting the company...

Wal-Mart Stores Inc (NYSE: WMT) shook up the business world after announcing its massive acquisition of Jet.com to boost its e-commerce operations last August. The Quest For Lore The move was more of acqui-hire to secure Jet.com founder Marc Lore and bring his e-commerce expertise to the world...

The ongoing battle between retailing giant Wal-Mart Stores Inc (NYSE: WMT) and e-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) intensified on Tuesday. Wal-Mart announced on Tuesday a new shipping plan in which consumers can make a purchase online and receive their order in two days for free for...

Wal-Mart Stores, Inc. (NYSE: WMT)'s $3.3 billion acquisition of Jet.com closed Monday, but the retailer's woes won't go away overnight. Bloomberg Gadfly's Shelly Banjo offered four pieces of advice for Wal-Mart that could help close the gap between its online business and Amazon.com, Inc. (NASDAQ:...

BMO Capital has maintained its Underperform rating on Wal-Mart Stores, Inc. (NYSE: WMT), despite better-than-expected second-quarter earnings and gross margin. The world's biggest retailer reported adjusted EPS of $1.07, which exceeded the Street estimates by $0.05 a share and BMO estimates by $0....

Wal-Mart Stores, Inc. (NYSE: WMT)'s $3 billion purchase of Jet.com has been confirmed, but some investors are justified in asking the question why did the retailer agree to buy the ecommerce startup for a hefty premium? As reported by The Wall Street Journal, Jet.com was valued at $1.35...

Marc Lore is the brains behind Jet.com, the retail e-commerce that Wal-Mart Stores, Inc. (NYSE: WMT) acquired on Monday for $3.3 billion. The Wall Street Journal profiled Lore on Monday following the acquisition announcement and quickly pointed out his plans to battle Amazon.com, Inc. (NASDAQ:...

Wal-Mart Stores, Inc. (NYSE: WMT) and Jet.com, Inc. confirmed earlier reports by announcing they have reached a definitive agreement. This is considered a step in the right direction to take on Amazon.com, Inc. (NASDAQ: AMZN) within the e-commerce space. Accordingly, Wal-mart would buy Jet for...

Wal-Mart Stores, Inc. (NYSE: WMT) is reportedly in discussions with Jet.com to buy it. While the former is the world's biggest retailer, the latter online firm is a start-up that has attracted a lot of attention. Therefore, how would it help the biggest retailer's operations as both companies stand...