GM cancels its best-selling EV, the Chevy Bolt, while Tesla slashes prices to accelerate sales. Intensifying competition could be the opportunity for consumers to switch to EVs.
Walmart wants to grow its share of the lucrative B2B ecommerce market: The retailer is following Amazon’s lead in search of high-margin revenues to bolster flagging profits.
More rapid grocery consolidation could be on the way: German startup Flink is in talks to be acquired by Getir, despite the latter’s sinking valuation.
Economic uncertainty has slashed small and medium-sized business (SMB) satisfaction with their payment service providers (PSPs). This is intensifying competition between acquirers and processors, banks, fintechs, and the vendors that serve them. Providers must enhance and simplify access to cutting-edge solutions that solve key pain points—or risk losing share.
AI’s ‘superpowers’ behind tech layoffs: Dropbox, Lyft, and Clubhouse lay off over a thousand workers. Tech’s economic pain has eased, but Wall Street’s love of AI and layoffs is stoking the downsizing trend.
After service interruptions and a fee of $50,000 a month to access Twitter’s API, the MTA is now relying on its own apps and alerts. Other utilities could follow suit, shedding value for Twitter.
There’s a remedy for fallout from ChatGPT’s errors: Researchers found that more interactive chatbots are more helpful for users. Improving chatbot interface designs could prevent unintended consequences.
Reddit pilots chat channels to expand communication options: Move seen as effort to boost users’ time spent with platform and not on rivals like Discord.
Will Stripe, Chime, or Plaid price an IPO? The market is on track to improve into a healthier year, but it’s hard to find a big deal in fintech to look forward to.
Younger small-business owners are opting to switch FIs or partner with fintechs. Here’s what they want from banks. (This article was written with the assistance of ChatGPT.)
It launched a voice assistant that can take customer calls, aiding during peak and off hours. (This article was written with the assistance of ChatGPT.)
Resilient consumer spending was a bright spot for Mastercard, but higher costs squeezed profits in Q1.
Pinterest beats analyst expectations, but faces greater costs and large net loss: Can the platform spend to grow during times of relative austerity?
On today's episode, we discuss the significance of Nielsen getting its national accreditation back, whether this year will be the first true multicurrency upfront, and what advertisers should do today to prepare for a less-than-certain measurement future. "In Other News," we talk about whether longer video ads are actually the way to go on mobile and whether marketing has an image problem. Tune in to the discussion with our analyst Evelyn Mitchell.
Mother’s Day spending is expected to reach a record $35.7 billion this year: Consumers plan to splash out on jewelry, electronics, and experiences, with more shoppers venturing back to stores. (This article was written with the assistance of ChatGPT.)
Pinterest partners with Amazon to attract more advertisers and improve shopability: The move allows the social media platform to benefit from booming retail media demand, while growing Amazon Ads’ reach and inventory.
As the first digitally native generation, marketers must recognize that what works for older demographics won’t necessarily work for Gen Z. On social media, Gen Z expects brands to understand the different ways they use each channel, while on streaming, content remains king (though price is an important factor).