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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen	8/3/2016 2:28:43 PM
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Walmart is coming for Amazon Walmart is in talks to buy Jet.com, The Wall Street Journalreports. If completed, the acquisition could give Walmart the e-commerce muscle it needs to overtake Amazon. Jet.com, which sells household goods and groceries, is just one year old. But it has been growing rapidly — adding approximately 350,000 customers a month — by offering lower prices than Amazon and free shipping on all orders over $35. By comparison, Amazon charges $99 annually for free two-day shipping as part of its Prime membership. Walmart has been investing heavily in its online business in an attempt to catch up to Amazon. But it has a long way to go. Walmart's online sales were $13.7 billion in fiscal 2015, while Amazon's sales in 2015 were $107 billion. businessinsider.com

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