The Ledger
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Phil Black named Jet.com, Zenefits, and Magic Leap as struggling unicorns
“So I had a Twitter post about this about, I don't know, nine months ago. And I said my three favorite unicorns that I think are in trouble were at that time, jet.com, Zenefits, and Magic Leap.”
Marc Lore: Walmart Acquired Jet.com for Talent and Tech, Not Customers
“When Walmart made the acquisition, that was a, probably the single biggest reason why they were interested in spending three billion dollars for Jet. It certainly wasn't the market penetration, the customers that they were buying. They were buying the team and…”
Walmart could have bought Jet.com for one dollar by waiting
“That would have, they could have had that for a dollar if they just would have waited.”
Ben Lerer: Legacy retail and media will heavily acquire DTC startups
“The last few weeks in retail, I mean, just look at the jet and dollar shave acquisitions. You're seeing, these are the first dominoes in what will be a bunch of dominoes falling. I believe in consolidation where the traditional guys in retail, the traditional …”