Jason Del Rey

Recent Posts by Jason Del Rey

Walmart CEO: E-Commerce Sales to Hit $10 Billion This Year

Walmart global e-commerce sales are expected to hit $10 billion this fiscal year, CEO Mike Duke announced at the company’s shareholder meeting today. That number has been boosted a bit recently by acquisitions, including the company’s purchase of Chinese online retailer Yihaodian. Still, e-commerce sales are just a sliver of overall sales at the big-box giant, which totaled $469 billion in revenue in fiscal year 2012.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work