Walmart buys jet for $3.3 billion

Jet.com is an online e-commerce website that offers great deals on its products. The deals are so good that it caught the attention of the multinational corporation Walmart. The transaction will include $3 billion in cash and $300 million worth of Walmart shares. In 2014 jet was giving away 100,000 shares for whoever refers the most people to sign up. Anyone who signed up got a unique link to share with other users. "The ten people with the most referrals got 10,000 shares and the number one referrer got 100,000 shares of stock. That's the same amount Jet has given some of its earliest high-level employees"(http://www.businessinsider.com/jet-insiders-referral-program-winner-2015-2) .One person even spent $18,000 on Facebook ads and rewarded advertising on Swagbucks and GiftHulk in order to win! Many people wondered if it would ever pay off and how successful jet could be, but with this acquisition we can see.