It took 64 years to build Walmart. It took 3 years to turn it into a $1 trillion tech company
On the one hand, the fact that Walmart passed $1 trillion in market cap is notable, but not especially surprising. The company has long been the largest company in the world, measured by revenue. A...
Source: www.fastcompany.com
On the one hand, the fact that Walmart passed $1 trillion in market cap is notable, but not especially surprising. The company has long been the largest company in the world, measured by revenue. Almost everyone is familiar with the small five-and-dime store that started in one of the most rural towns in America and grew up to become the biggest retailer in the world. On paper, this looks like just another milestone in a 64-year-old success story. But a closer look at how Walmart just hit a market cap reserved almost exclusively for tech giants reveals how the company has changed, even in just the past three years. For the past six decades, Walmart was the king of bricks and mortar. No one would think of it as the underdog, but as more and more shopping moved online, the company faced intense pressure, especially from Amazon. And so, over the past few years, Walmart rebuilt itself into something that looks a lot more like a tech company. It even moved its stock to the Nasdaq, list