Hi, I'm Teddy Schleifer, and welcome to RICO Daily, a new podcast from the Vox Media Podcast network.

Every day we go deep on one story from the world of tech, business, and media

with my colleagues here at Recode.

I cover how some of the wealthiest people

in Silicon Valley shape the world, and I'll be your guide.

So let's get started.

On to the show.

When you think of a Walmart, what comes to mind?

Probably not that it's some tech savvy internet subscription company, but tomorrow the retail giant is launching its subscription service called Walmart Plus. And some see that as a play to take background from the company's big rival, Amazon.com.

I'm here with Jason Del Rey, senior correspondent here at RICO.

Jason, thanks for being with us.

Hey Teddy. So how big a deal is the launch of Walmart Plus?

So we'll see how the launch actually goes off, but the idea of Walmart Plus and the fact that Walmart,

after all of these years, is finally putting a paid that is

finally putting a paid membership out there in a big way.

That is a big deal.

Walmart's trying to lean into what they do really well and that is mainly really, really low prices on

groceries. So the core of Walmart Plus is a same day or next day delivery

service focusing on fresh groceries.

That said, the idea is that beyond groceries, you'll be able to order many, many of the main most popular products that you would find in a Walmart store.

I think Walmart has said, you know, a selection of over 100,000 items.

But on top of that, Walmart Plus is hoping

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