Marc Lore, President and CEO of U.S. E-Commerce for Walmart, Steps Down

By Sheridan Fifer

Just over four years after Walmart purchased for $3 billion, Jet's founder is leaving his position at Walmart to pursue other opportunities. Marc Lore came aboard as president and CEO of U.S. e-commerce for Walmart shortly after the retailer acquired his company in 2016, and while the results of his time with Walmart were not all profitable ( was closed down last May, and the text-based shopping service Jetblack lost money and eventually met the same fate), the overall impression is one of success. Since Walmart doubled down on e-commerce, with Lore at the helm, online sales have surged. 

“Reflecting on the past few years with so much pride – Walmart changed my life and the work we did together will keep changing the lives of customers for years to come. It has been an honor to be a part of the Walmart family and I look forward to providing advice and ideas in the future,” Lore said in a statement posted to Linkedin. 

Read the full story at TechCrunch.