Know The Difference Minute

Walmart is going to acquire Vizio for $2.3 billion. It’s a tie-up that will combine America’s largest retailer with a network of smart TV’s.

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When times get tough, Walmart wins.
Welcome to the Know the Difference Minute for Tuesday, February 20th.
Walmart isn’t glamorous. It doesn’t need to be. Its value reputation draws in shoppers from every income level. Its created new revenue streams like 3rd party marketplaces, subscriptions, and even advertising sales. More on that in a bit.
So far, so good. Walmart beat holiday-quarter earnings and revenue expectations. Revenue rose 6% and their e-commerce is killing it, up double digits.
Remember back in the day when Black Friday was an actual event? The typical doorbuster was a large, relatively affordable Vizio TV. Guess what, Walmart is going to acquire Vizio for $2.3 billion.
It’s a tie-up that will combine America’s largest retailer with a network of smart TV’s—all with the capability to deliver advertising and promotions to a huge audience.
Good business doesn’t need to be glamorous. Smart will do.
I’m Dave Spano from Annex Wealth Management. That is your Know the Difference Minute.