Here's what LikeFolio data was showing heading into the Walmart earnings report that sent the stock 10% higher.
Not Your Daddy's Walmart (WMT)
May 15, 2024
As you sit back to stream a movie on your Vizio TV, you might not realize that with every ad you see, you're (soon to be) contributing to Walmart’s bottom line.
Walmart's $2.3 billion acquisition of Vizio represents a significant leap into the advertising arena.
Why adversiting?
Walmart aims to harness Vizio's smart TV technology to enhance its targeted advertising capabilities, driving higher revenue from ad sales and monetizing consumer data more effectively. This move is part of Walmart's broader strategy to diversify beyond groceries and staples...while bolstering both segments at the same time.
Long-Term Implications
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