Jet.com drops $50 membership fee, changes business model

Jet.com, the supposed Amazon killer, is already overhauling its business plan. Jet is eliminating its $50 yearly membership fee and will now be free for everyone to peruse, according to an email sent to customers with an accurate title exclaiming it has a “big announcement.” When it launched in July, Jet said its membership fee, akin to Costco or Sam’s Club, would serve as a ...Read the full article