Apple placates mobile advertisers: iOS 15 will allow advertisers to get postback data directly from Apple, rather than going through an ad network—a huge help for marketers hungry for data in a post-IDFA world.
Empty stores on Turkey Day: Best Buy joins Target and Walmart in closing its doors on Thanksgiving Day as the lasting shift to online shopping alters the calculus of staying open.
A local problem: The Media Rating Council determined that Nielsen likely undercounted local TV ratings as a result of the same pandemic-issues that dragged national TV ratings.
Growing the creator economy: Instagram is adding new monetization opportunities to propel its ecommerce push.
Payments service providers are building an array of financial services to compete with financial institutions (FIs). Lending, bank account products, issuing, and other services that have been FIs’ bread and butter are being challenged in a bid to add more revenue opportunities and engender greater loyalty. These payment disruptors, such as Square, Stripe, and Shopify, are using their existing relationships with small businesses to attract clients away from FIs and persuading them to use their own financial offerings.
It’s Prime Day in June. Amazon traditionally held Prime Day in mid-July but pushed the event to October last year because of the coronavirus pandemic. (The exception was India, where it took place in August 2020.) This year, Amazon will hold Prime Day on June 21–22.
When social buying in China will boom
The raise will fuel its European expansion—its high minimum account threshold and fees actually helped drive AUM and more than double its value in less than a year.
On today's episode, we discuss whether a digital bank can become a one-stop shop for everything and how consumers are paying for things differently. We then talk about where homeowners are spending the most money, why Etsy bought Depop, and what we expect from Prime Day 2021. Tune in to the discussion with CEO of Inter Shop (part of Banco Inter) Rodrigo Gouveia, eMarketer senior analyst Matteo Ceurvels, and director of forecasting at Insider Intelligence Cindy Liu.
Synchrony and American Express are among the issuers interested in taking over the etailer’s cobranded card business, which is currently managed by JPMorgan Chase and contains an estimated $15 billion in loans.
Credit Sesame gets $51M for AI-powered credit offerings: The company also unveiled a rent reporting tool and a credit-building product tied to cash usage—products that could prove valuable as FICO’s reliability has slumped due to the pandemic.
Regions to buy home improvement lender: The deal would bulk up and diversify the bank’s loan book, and give it point-of-sale financing channels—in contrast to broader scale included in other recent US regional bank deals.