Upfronts are Netflix’s coming-out party: This is the week it became an ad company. Really.
CTV ad fraud surges: It’s up 69%, with unprotected campaigns bearing the brunt of the fraud.
Foot Locker stepped in it in Q1: The company’s comparable store sales fell 9.1% and its net income was roughly half of analysts’ expectations.
Google might have the most powerful AI model: Controversy about secretive advanced AI models will grow, with training data a focal point. Allowing third-party auditing could help win public trust.
UK’s BT plans massive 55,000-worker layoffs: The telecom giant cited AI as a reason. It’s part of a growing trend that has workers on edge and policymakers caught flat-footed.
A UK Treasury report calling crypto investments a form of gambling shocks the industry.
The fintech eases the financial transition of formerly incarcerated consumers back into society.
Senators’ questioning highlighted the dangers of a lack of accountability on Wall Street. That could pave the way for new regulations.
The big tech is diving deeper into payments to tap new revenue streams.
The two will be among the early adopters of the real-time payment system when it launches in July
US upfront TV ad spending will fall by 3.6% to $18.64 billion for the 2023–2024 TV season, a downward revision of 5.0% from our previous forecast.
Retail media provides a significant boost to Instacart’s bottom line: The company’s advertising business reportedly grew 30% last year to $740 million.
One-fourth of creators said they go live to their followers via YouTube, making it the most popular livestreaming app ahead of TikTok (18.7%), Facebook (17.4%), and Instagram (14.0%), per an April 2023 survey by The Influencer Marketing Factory.
Alibaba’s sluggish quarter reinforces concerns about a Chinese consumer rebound: The company is exploring IPOs for its grocery and logistics divisions as part of its breakup to revive the company’s fortunes.
It’s been an upfronts season like none other as digital creeps into linear’s territory and the Writers Guild of America writers’ strike rages on. “We’re kind of at an inflection point,” said our analyst Paul Verna. From a buyer’s market to tumult at NBCUniversal, here are five trends Verna noted from upfronts so far.
The crypto winter has brought assets crashing down to earth and dampened payments growth. But key crypto payment use cases remain intact, drawing continued investment from major payment providers. This helps set a path for US crypto payment adoption to grow by a 21.3% average annual rate from 2022 to 2025 and worldwide volume to grow by 12.6%.
Tesla’s embrace of advertising is part of its maturation process: In a significant strategy shift, Elon Musk says the company will buy ads for the first time.
Walmart raises full-year guidance after a strong quarter: The retailer’s low prices are resonating with more consumers, while investments in ecommerce and advertising are bearing fruit.
Digital health startups to watch: We spotlight healthcare AI firm Hippocratic and navigation platform Amino Health on the back of fresh funding.
Doximity’s AI chatbot already helps thousands of docs: The company’s massive physician membership could mean many more doctors will soon be using the tool for admin tasks.