Product Hunt Daily Digest
August 7th, 2016

Rumors confirmed. Walmart buys two-year-old startup for $3B πŸ’°πŸ˜³
See Walmart-acquired Jet
Late last week, rumors spread that Walmart was in talks to buy Jet, a two-year-old startup, for $3b (yes, a billy). This morning, rumors were confirmed with their cash buyout of the Amazon competitor.

This is one of many startups acquired this year. Snapchat gobbled up Bitmoji for $100m, Facebook bought this wacky augmented reality app, and Shots picked up this Musical.ly competitor. The M&A market is heating up.
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