Jet, the well-funded startup trying to take on Amazon, just changed its business model

The red-hot e-commerce startup Jet has shifted its business model. Originally, Jet used a Costco-esque model: Instead of making money on individual product sales, its profit would come from the $50-a-year membership fee. Recently Jet raised $225 million at a $600 million valuation and the company will try to make profit on each sale as it’s dropping the membership fee. Read More>>

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