Jet.com is an Amazon competitor that raised tons of money to create a clone of Amazon a couple of years ago. You had to pay a membership to use it, and it wasn't in any way better than Amazon. Now it has found a willing buyer in Walmart.
Clarence has been using Apple Pay and he says more locations are refusing to accept it. Leo says that the problem with Apple Pay is that the merchant doesn't get any information about the customer, just the money transfer. And that information has real value to them. Walmart created a coalition of vendors that shares information about consumers and more businesses are using it for that reason, but it's a terrible solution that takes longer to use.
Brian is looking beyond the "big three" of cellphone carriers and wants to know which one of the smaller mobile carriers are best. Leo says that most of the smaller carriers, known as "mobile virtual network operators" (MVNOs), buy their network service at a discount rate from the big three, often times Sprint, and then resell it. And it's often a better value than the big three. Straight Talk Wireless from Walmart, for instance, is one such MVNO. Which one is best will depend on which of the big three's are best in Brian's area.
Pat is saying she's tired of contracts and the high monthly rates, so she switched to Straight Talk by Walmart. Leo says that MNVOs like Straight Talk are basically a 'rented line' from carriers like Verizon. They do funny things like throttling, charging for overages, etc.
Walmart has a phone service which offers unlimited texting and calling, and Gene is wondering if that's a good deal. Leo says that Walmart is an MVNO (virtual network operator), meaning they resell another company's service, which is T-Mobile. They also offer Sprint's True Connect. There are some limitations because it may not include a lot of data, if any. He should read closely at what he's getting.