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Jet.com Is Running Out Of Money, Wall Street Journal Reports

November 4, 2015: 12:00 AM EST
Online retailer Jet.com is running out of money, according to financial documents reviewed by The Wall Street Journal newspaper. According to the newspaper, the company is trying to close its latest round of funding, which aims to raise as much as $550 million. Marketing costs account for majority of the company’s spending.
Maya Kosoff, "Hyped-up Amazon-killer Jet, which has raised $225 million, is reportedly close to running out of cash", Business Insider, November 04, 2015, © Business Insider Inc.
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