, Columnist
Facebook Proves Wisdom of Overpaying
Three deals show Walmart that its Jet purchase may not be overreaching.
This article is for subscribers only.
Walmart is trying to solve its online problems with a $3.3 billion acquisition that can't be justified with any conventional financial analysis.
But for validation of its deal splurge, the folks in Bentonville, Arkansas, can look west to Menlo Park, California. There, Facebook CEO Mark Zuckerberg made three overpriced acquisitions that turned out to be the smartest moves the company ever made.