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

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.


Topics: Financial News, Top 100 Retail

Companies: Walmart


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