Walmart ecommerce chief Marc Lore is retiring from the retailer at the end of January, Walmart said Friday in a securities filing. Lore joined Walmart in 2016 after the retail behemoth acquired Jet.com, which he co-founded. He helped Walmart compete with Amazon in e-commerce and jumpstart its online sales. Lore worked at Amazon prior to founding Jet. He was the co-founder and CEO of Quidsi,...
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The Real CNN Drama is Cable News' Growing Irrelevance
To paraphrase Tolstoy, each unhappy TV channel is unhappy in its own way. And as illustrated by the leadup to the Wednesday exit of CNN’s CEO, Chris Licht, the cable news channel hasn’t been a happy place lately. That’s not likely to change now that Licht is gone. Beyond the gossipy drama behind his departure is the reality that CNN and its corporate parent, Warner Bros. Discovery, are both...
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