Meta’s Q2 points to continued rebound: An 11% revenue increase shows that new products and advertising offerings are helping right the ship.
On today's special episode, we continue our monthly show where we discuss the biggest trends of the moment and the newest research, sprinkle in some analysis, and bundle it up into a quiz. Every month, three of our analysts representing their respective coverage area teams compete against each other. (We also encourage you to play along at home.) We keep a running score and will crown a winning team at the end of the year. Today, we cover how much the world is traveling again, how Amazon Prime Day did, the staying power of Threads, and more. Tune in to the discussion with this month's contestants: our analysts Carina Perkins, Max Willens, and Yory Wurmser.
More states pass consumer protection laws around pet insurance: With only 3% of dogs and cats in the US currently covered, the market opportunity is clear. Uniform regulations will help clear the way for rapid expansion.
Florida lawmakers need to forget the culture wars and address the insurance crisis: Farmers is the fourth insurer to withdraw from Florida due to increased risk exposure in disaster-prone areas. Fraud and litigation challenges aren’t helping.
The solutions should help the networks attract and retain more clients
The Clearinghouse’s RTP Network and Nacha’s Same Day ACH network face steeper competition in Q3 from FedNow
Treasury will reportedly table its BNPL regulations in light of economic headwinds—here’s what that means for Klarna
Auto insurance is the bleakest segment in the US personal lines business: Insurers driven to raise premium rates will likely see increased customer shopping and switching.
Snap has weaker Q2 but makes progress: The company posts a smaller loss, demonstrates a 14% increase in DAUs, and sees strides in innovation.
What’s happening? Apple announced in June that iOS 17 would provide “even greater protections against trackers,” in a move that will affect links shared from Mail, Messages, and in Safari’s private browsing mode.
Google Q2 beats estimates: Advertising revenues demonstrate resilience, despite challenges ahead.
The launch of ChatGPT kick-started the use of genAI. The number of ChatGPT and genAI users will increase at a healthy clip over the next two years, but at a decreasing rate of growth. Even so, by 2025, over three-quarters (75.2%) of genAI users will use ChatGPT, and more than a third (34.0%) of the US population will use genAI.
In-store retail media initiatives are gaining momentum: Loblaw, Macy’s, and Schnucks Markets are the latest retailers to invest in the channel.
Gen Z shoppers are driving resale’s growth: Roughly three in five Gen Z consumers look for an item secondhand before buying it new.
US marketers are allocating more of their advertising budget to social media and TV (19% each) than digital (14%), email (12%), and out-of-home (OOH) (7%) media channels, according to Quad.
Amazon offers to change UK business practices to avoid further antitrust investigation: The changes would ensure equal treatment for sellers on its marketplace and prevent the retailer from using seller data to inform its own retail business.
B2B companies are fighting over limited spend. In a flat economy, “you’re going to have to take share,” said Bruce Biegel, senior managing partner at Winterberry Group, during our “Understanding the New Buyer Journey” Tech-Talk Webinar. That means focusing on retention, upselling, and cross-selling before pushing back toward acquisition in the long term. Here are six things to keep in mind during the process.
The case focuses on claims of abusive App Store commissions. Poor developer relations could be a roadblock to the company’s long-term mixed-reality pivot.
Meta has a strong position in negotiations with publishers: UK’s Reach saw profits fall 24% after Facebook pivoted from news, which could influence battles in other markets.
The new Microsoft: Tech giant expands advertising and AI initiatives with Activision Blizzard gaming deal to come.