Pressure to drop TikTok from app stores intensifies: Following the removal of TikTok from various government and educational institutions, US senators are urging app stores to drop the controversial app.
Meta’s vow of efficiency marks renewed optimism: Meta shares rally after analysts upgrade stock due to Meta’s new, leaner direction. Meanwhile, the company continues to spend billions on an unrealized metaverse pivot.
Spanish Twitch streams are seeing explosive growth: Usage is high, and the underdeveloped ad market supporting the platform has room to mature.
Netflix is making progress on serving ads and clamping down on account sharing: On both fronts, the streamer needs to tread carefully to ensure customer experience remains paramount.
Retailers are adapting to the changing market by focusing on digital tactics that drive demand for in-store shopping to meet evolving customer needs and expectations. Here’s what you need to know.
Generative AI likely to have market stickiness: ChatGPT frenzy seems to be increasing as use cases proliferate beyond chatting. Compute costs could be a bigger risk than a market bubble.
Amazon adds ‘a thousand bots a day’: The ecommerce giant’s robotic fleet might surpass its human workforce. It’s part of an automation trend that could gain steam in a recession.
Twitter tries squeezing more money out of developers: Removing free API access might generate some cash but will also weaken users’ experience.
The funding round shows there are opportunities for fintechs serving North Africa’s substantial underbanked population.
Challenger banks that cut costs and prioritize lucrative revenue streams are carving out the profits that still elude most.
Higher rates and the risk of increased defaults are hurting their business. They’re also losing market share to specialized fintechs.
Just as the tech blows up in banking, UK startup Evident has created a non-biased index that scores banks on AI development and implementation.
It wants to lower the amount credit card issuers can charge in late fees—which would hurt a key source of issuers’ revenues.
Say goodbye to Peacock’s free-with-ads tier: The no-cost option will sunset soon as the streamer tries to drive up its revenues per user.
The search advertising world has a familiar new entrant: Yahoo is spinning up its search engine efforts, according to tweets and job listings.
After surviving Q4, Meta tries to refocus its business: An emphasis on efficiency all but ensures more cuts will come in 2023.
Amazon seems poised to beat its lowered expectations: While the retail giant predicted its slowest-ever holiday season growth, analysts expect the retail giant’s Q4 sales still rose 6% YoY.
FedEx cuts 10% of management staff as consumer demand softens: The delivery company is the latest to resort to layoffs after rapid expansion during the pandemic.