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Jet.com founder Marc Lore mulling leaving Walmart, claims report

February 21, 2018

Wamart.com CEO Marc Lore, founder of Jet.com, which is owned by Walmart, is reportedly considering leaving his role, according to a New York Post report.

Walmart acquired Jet.com just about a year and a half ago for $3.3 billion. The news comes within days of Walmart experiencing one of its biggest stock dips. As the Wall Street Journal reported, shares dropped 8.6 percent following a financial earning release from the top global retailer.

The Post report noted Lore did not participate in a conference call Tuesday regarding the retailer's digital strategy.

"I wouldn't be surprised if he left," Edward Jones analyst Brian Yarbrough told the Post.