Food delivery platforms push back against NYC’s minimum pay law: Uber, DoorDash, and Grubhub say the new standard would raise costs for businesses and consumers while limiting worker flexibility.
The US IPO market shows signs of life: Cava went public last month and raised $366 million and now Birkenstock’s owner is considering taking the sandal maker public.
Threads vs. Twitter: Meta shows off its social media leverage with a successful Threads launch. Digital privacy will be key in thwarting its plan to beat Twitter.
US tech layoffs drop in June: The tech industry has likely finished the bulk of its cutting, but macroeconomic conditions mean there are still challenges ahead, especially for startups.
Airbnb wants to become the ‘ultimate AI concierge’: The technology could help increase platform engagement and bookings while also introducing privacy, security, ethical, and regulatory headaches.
UK gov’t seeks to bolster rules around banking subsidiaries: The timely rescue of Silicon Valley Bank’s UK subsidiary by HSBC couldn’t have been engineered if it had been a branch instead.
Walls come tumbling down: OpenAI pauses ChatGPT's web browsing due to its unintended capability to bypass paywalls.
As Goldman Sachs pulls away from consumer banking, it may offload Apple Card to Amex—with potential knock-on effects for Apple Pay Later
The tool will help brands offer an enhanced customer experience online and may lead to higher conversion rates
The platform launched in New Zealand as it tries to reach 10 million users across Asia by the end of 2025
Flipkart partners with Axis Bank to offer personal loans: An embedded finance strategy will help it stave off competition from Amazon and other emerging rivals in India’s booming ecommerce market.
Meta hits the brakes on launching Threads in the EU: Privacy regulations put a damper on the Twitter competitor's European dreams.
Why big banks are losing market share with younger generations: A report finds fintechs and neobanks have captured 47% of all new checking accounts opened in 2023, and that Gen Zers increasingly see them as their primary accounts.
Investments in generative AI have had favorable results, with two-thirds of marketers reporting a positive ROI—43% said they received a twofold ROI and 22% received threefold ROI, per a May 2023 survey by Botco.ai. Here’s a breakdown of how generative AI can help brands and retailers connect with customers throughout their buying journeys.
During its first six months with advertising, Netflix reportedly let advertisers reclaim their money after missing viewership targets and canceled its first in-person upfront a week prior to the event.
Composable commerce—a modular approach to the technology that underpins ecommerce—has become a buzzword in retail circles over the past few years, following on earlier hype around its precursory “headless” architecture
Eurozone retail sales volumes fell 2.9% YoY in May: Inflation, along with high interest rates, caused consumers to pull back.
US employers added almost 500,000 jobs in June: The still-hot labor market is creating problems for retailers as customer and worker expectations remain high.
Google continues to lose ground to Amazon: Amazon is holding steady as shoppers’ search engine of choice for products, even as TikTok and other social platforms attract Gen Z consumers.