Thirty-one percent of US adults said social media has a positive effect on their mental health, per YouGov. However, almost as many (30%) feel it has a negative influence. Across generations, millennials are most likely to report a positive effect, while Gen Xers are more likely to cite a negative impact.
Comcast is forgiven for widening Peacock losses—for now: Heavy spending on user acquisition is helping with growth, but the losses can only go on so long.
Meta faces pressure to cut costs amid slow ad growth and concerns over its metaverse investments: softer ad revenues require a replacement cash source. Is this it?
Snapchat's Q1 revenues fall short of expectations: Despite lower ARPUs, Snap's saving grace is its coveted younger audience.
Earnings show progress and pitfalls on revenues: Meta, Microsoft, Alphabet, Snap, Pinterest, and Comcast results are a mixed bag. (This article was written with the assistance of ChatGPT.)
Cutting costs is the least of Gap’s problems: The retailer’s plans to lay off 1,800 employees may not be enough to revitalize growth as its relevance wanes.
Oppo leads in shipments and Apple is close behind. With China’s smartphone production down 13.8% YoY, opportunities continue to emerge on the premium end.
Thousands of jobs continue to vanish while companies pivot heavily into AI and risk slowing innovation in other areas.
PwC’s $1B bet on AI for business services automation raises legal accountability questions: It isn’t shying away from generative AI’s legal and ethical concerns— the risky strings attached to increased productivity.
6G R&D launch efforts ripple globally: The 6G wireless standard is taking shape as development gets underway in several countries. Prepare for a bullish US response to China’s breakthrough.
BrightFi, a fintech that strives to help more consumers bank digitally, outlines best practices for banks when it comes to bank-fintech partnerships.
Global banks struggling to keep up with modern technology partner with fintechs to gain expertise quickly and cost-effectively.
Fintechs are better off cutting costs and scaling back expansion plans until the finance climate improves.
Launching a white-label mobile BNPL solution reinforces its push into installments as a service.
New features that meet business' needs could improve satisfaction, tighten loyalty, and grow business.
Cross-border and B2B payments pushed up the network’s payments volume during fiscal Q2.
While Google and Meta race ahead on generative AI, agencies slam the breaks: Major agency BBDO warned employees against using generative AI for client work.
Netflix may have had an optimistic start to the year, but it still faces a series of threats and opportunities abroad if it wants to maintain its worldwide dominance. Here’s an overview of what the company can expect to face.
On today's episode, we discuss whether social media in the future will become less social or if it will go away altogether, what the streaming wars' battle royale looks like, how easy it would be to replace Twitter and TikTok, how people think their demographics are portrayed in ads, the fight for the car screen, where Americans have moved in the last 10 years, and more. Tune in to the discussion with our director of reports editing Rahul Chadha, analyst Blake Droesch, and vice president of Briefings Stephanie Taglianetti.
Consumer spending rose 3.7% in Q1: People continue to spend, even as high interest rates are take their toll on the broader US economy.