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Walmart buys Jet.com for $3 billion to strengthen its online presence

Walmart may be the biggest retailer in the world, but the company’s dominance doesn’t extend to the online world, where Amazon reigns supreme. Walmart is looking to challenge Amazon though, and the company just announced it’s making a $3 billion bet to do that. Walmart is acquiring Jet.com. Jet launched a year ago, looking to […]

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Lilbits 304: Maybe Microsoft makes more money next year

Microsoft has just released its earnings report for the fourth quarter of its fiscal year. As expected, the company took a nearly $8 billion write-off for costs associated with its acquisition of Nokia’s phone business. So it’s probably not all that surprising that the company says revenue from its Devices and Consumer business declined. Windows OEM […]