Walmart Expands Two-Day Delivery | Crunch Report | Summary and Q&A

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June 30, 2016
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Walmart Expands Two-Day Delivery | Crunch Report

TL;DR

Walmart is now offering a shipping pass program similar to Amazon Prime, Android N is officially named Android Nougat, NBC will provide 85 hours of VR content for the Olympics, Kleiner Perkins raises $1.4 billion in funding, and a new version of Furby called Furby Connect is set to be released.

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Key Insights

  • ๐Ÿฅณ Walmart's Shipping Pass program aims to compete with Amazon Prime by offering affordable unlimited two-day shipping.
  • ๐Ÿ† Android Nougat is the official name for the next version of Android, chosen through a contest instead of the expected name, Nutella.
  • โŒ› NBC is embracing virtual reality by providing 85 hours of VR content for the Olympics, exclusively on Samsung's Gear VR platform.
  • ๐Ÿคจ Despite past challenges, Kleiner Perkins has successfully raised $1.4 billion in funding, indicating continued investor confidence.
  • ๐Ÿค™ Hasbro is releasing an updated version of Furby called Furby Connect, featuring smartphone control and new design elements.
  • ๐Ÿšš Walmart's investment in seven fulfillment warehouses across the country demonstrates its commitment to rapid delivery in the increasingly online shopping market.
  • โ“ The partnership between NBC and Samsung for VR content during the Olympics showcases the popularity and capabilities of Samsung's Gear VR platform.

Transcript

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Questions & Answers

Q: What is Walmart's new program and how does it compare to Amazon Prime?

Walmart's new program, Shipping Pass, offers unlimited two-day shipping for a $49 annual fee. It is similar to Amazon Prime, but at half the price and without extras like Prime Music and Prime Video.

Q: What is the new name for Android N?

The new name for Android N is Android Nougat. Google chose this name through a contest, instead of the expected name, Nutella.

Q: What virtual reality content will NBC provide for the Olympics?

NBC will release 85 hours of virtual reality content for the Olympics, which will include events like the opening and closing ceremonies, basketball, track and field, and beach volleyball.

Q: How much funding has Kleiner Perkins raised and what challenges has the firm faced recently?

Kleiner Perkins has raised $1.4 billion in funding. The firm has faced challenges, including a gender discrimination lawsuit and the departure of some of its top partners. However, investor confidence in the firm remains high.

Summary & Key Takeaways

  • Walmart has launched a program called Shipping Pass, offering unlimited two-day shipping for a $49 annual fee, competing with Amazon Prime.

  • Android N has been officially named Android Nougat, ending speculation about its full name.

  • NBC will provide 85 hours of virtual reality content for the Olympics, exclusively available on Samsung's Gear VR platform.

  • Venture capital firm Kleiner Perkins has raised $1.4 billion in funding, despite recent challenges and controversies.

  • Hasbro is releasing a new version of Furby called Furby Connect, featuring smartphone control and a redesigned appearance.

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