Tech Bytes — Week in Review: Walmart health centers, VCs and Bumble
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 3 May 2024
⏱️ 13 minutes
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Summary
This week: Startups are taking longer to go public or sell to a buyer. What does that say about the state of tech? Also, the dating app Bumble once courted women by letting them make the first move. We’ll explain why Gen Z is prompting Bumble to change things up. But first, discount retail giant Walmart announced this week it is shutting down its telehealth business, as well as its network of low-cost health clinics. There were 51 of those clinics scattered across five states throughout the country. They were part of Walmart’s big push into health care, announced in 2019. So what happened?
Marketplace’s Lily Jamali is joined by Christina Farr, author of the health tech newsletter Second Opinion, for her take on this week’s tech news.
Transcript
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| 0:00.0 | Disrupting health care is hard to do. |
| 0:04.0 | Just ask the world's largest retailer. |
| 0:06.5 | From American public media, this is Marketplace Tech. |
| 0:09.5 | I'm Lily Jramale. Molly. |
| 0:20.0 | It is Friday which means it's time for Marketplace Tech Bites our week in review. |
| 0:25.0 | This week startups are taking longer to go public or sell to a buyer. |
| 0:29.5 | What does that say about the state of tech right now. Also the dating app Bumble once |
| 0:34.8 | courted female users by letting them make the first move will explain why |
| 0:39.3 | Gen Z is prompting Bumble to change things up. |
| 0:43.0 | But first, Discount Retail Giant Walmart announced this week it's shutting down its |
| 0:47.7 | telehealth business, as well as its network of low-cost health clinics. |
| 0:52.4 | There were 51 of those clinics scattered |
| 0:54.5 | across five states throughout the country. They were part of Walmart's big push |
| 0:58.8 | into health care announced in 2019, so what happened? I asked Christina Farr, author of second opinion, a |
| 1:05.9 | newsletter all about Health Tech. Running a medical clinic is a very unique |
| 1:11.7 | skill set is not something that you can pick up easily just by hiring a few people. |
| 1:17.0 | And I've heard from just chatting with industry friends who've gone and actually been a patient within the Walmart clinic that it left a lot to be desired. |
| 1:26.5 | Look at what Amazon did. They bought one medical rather than building their own clinics from scratch. |
| 1:32.4 | And that is my sense of what Walmart could have done here. than building their own clinics from scratch. |
| 1:32.6 | And that is my sense of what Walmart could have done here. |
| 1:35.7 | Then there were also just systemic issues, |
| 1:38.1 | you know, much more macroeconomic. |
... |
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