Jet, the startup founded by former Amazon.com Inc executive Marc Lore that hopes to change the way consumers shop online, has raised $140 million in its latest funding round, led by Bain Capital Ventures.The company said on Wednesday other investors that participated in the funding round included Google Ventures, Accel Partners, Coatue, General Catalyst, Goldman Sachs and Temasek.Jet has ambitions to build a more flexible buying system that allows customers to save be setting preferences with products, rather than the more direct sales model now employed by dominant e-commerce firms Amazon and eBay Inc.Jet will launch its service this spring. It will be inspired in part by Costco Wholesale Corp, which passes on savings to buyers by selling in bulk.
Amazon.com, Inc. (Amazon.com) is an e-commerce company. Shares of AMZN traded higher by 0.58% or $2.145/share to $375.14. In the past year, the shares have traded as low as $284.00 and as high as $383.11. On average, 4435460 shares of AMZN exchange hands on a given day and today's volume is recorded at 2786523.
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U. Shares of COST fell by 0.51% or $-0.76/share to $147.46. In the past year, the shares have traded as low as $110.36 and as high as $156.85. On average, 2424960 shares of COST exchange hands on a given day and today's volume is recorded at 2295846.
eBay Inc. is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments and Enterprise. Shares of EBAY fell by 0.24% or $-0.13/share to $55.14. In the past year, the shares have traded as low as $46.34 and as high as $59.70. On average, 8652670 shares of EBAY exchange hands on a given day and today's volume is recorded at 6225366.
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