(?)
Quotes are added by the Goodreads community and are not verified by Goodreads. (Learn more)
Pulak Prasad

“In 2000, Walmart joined hands with a leading Silicon Valley investment firm, Accel Partners, to launch Walmart.com. Accel, by the way, gained much fame (and a gargantuan fortune) as a result of its $12.7 million investment in an early-stage company called Facebook in 2005.16 In about eighteen months, in mid-2001, Walmart acquired the minority stake of Accel to own Walmart.com fully. By 2020, Walmart’s e-commerce sales had climbed to $24 billion and Walmart.com was approaching 10 percent of Walmart’s overall U.S. sales. What had started as a “neutral” strategy in 2000 is now fast becoming the centerpiece of Walmart’s approach to gaining market share.”

Pulak Prasad, What I Learned About Investing from Darwin
Read more quotes from Pulak Prasad


Share this quote:
Share on Twitter

Friends Who Liked This Quote

To see what your friends thought of this quote, please sign up!

0 likes
All Members Who Liked This Quote

None yet!


This Quote Is From

What I Learned About Investing from Darwin What I Learned About Investing from Darwin by Pulak Prasad
1,760 ratings, average rating, 188 reviews
Open Preview

Browse By Tag