Consumers’ holiday shopping habits have changed: While 84% of shoppers say sales are a priority in gifting decisions, only 47% plan to shop on Black Friday.
On today's episode, we discuss what to make of the apparent turnaround in Amazon's online store sales growth, why Amazon's ad business stands out, and what to expect from the ecommerce giant in Q4. "In Other News," we talk about the secret to returns convenience and how much people will be shopping in stores this holiday season. Tune in to the discussion with our analyst Andrew Lipsman.
We’ve lowered our Meta ad revenue forecast by about $16 billion for this year, from $129.16 billion to $112.68 billion. Through 2024, its ad business will bring in billions of dollars less each year than we previously expected.
Sen. Elizabeth Warren suspicious of Big Tech’s carmaking ambitions: Google lends its software expertise to help Renault build vehicles digitally. It’ll meet consumer demand for connected cars but also trigger antitrust scrutiny.
Firefly Health’s patients now can get in-home care: We examine why healthcare stakeholders are bullish on moving care to the home.
Elevance follows the money: On the back of the health insurer’s acquisition of specialty pharmacy company BioPlus, we detail why this market is attracting big buyers.
Amazon cuts costs, not care: We look at Amazon’s unsurprising cost-cutting moves and why its healthcare ventures aren’t on the table.
Meta faces painful reality: The company’s transition to a VR ecosystem could hit a wall as economic headwinds, plummeting stock value, layoffs, and hiring freezes force Zuckerberg to take a hard look at Meta’s needs.
Microsoft faces new antitrust probes in Europe: A coalition of 24 cloud providers filed a complaint against Microsoft Azure—renewing antitrust scrutiny on the company’s bundling practices, which could lead to fines and penalties.
YouTube's Music and Premium business is surging: The company has reached 80 million paying customers, despite all of the free content also available on the platform.
Roblox continues to A) lose money and B) grow daily active users: The younger-skewing gaming platform has been successful at courting brands and retailers.
“As TV takes on more elements of digital, institutional barriers around those centers of knowledge are being broken down, and TV and digital teams are being integrated,” said our analyst Evelyn Mitchell on our “Behind the Numbers: The Daily” podcast. But “institutional change takes time.”
YouTube will have more US viewers than any other over-the-top (OTT) platform, at 231.5 million. Netflix also ranks toward the top, with 169.3 million viewers, and Amazon Prime Video will boast an audience of 152.6 million.
Adidas’ new CEO Bjørn Gulden has his work cut out for him: The sportswear company lowered its outlook for the fourth time this year as it struggles to move forward without Yeezy.
AI’s ‘Napster’ moment, but much bigger: The frenzy around generative AI’s abilities has triggered the first lawsuit claiming copyright infringement by Microsoft and OpenAI. The outcome could have global ramifications.
A new study has found lenders’ climate targets fall short of what’s needed to prevent the worst impacts of the climate crisis.
Denied credit due to low credit scores, many UK consumers are turning to more expensive options to weather the cost of living crisis.
The UK-based startup will offer all online businesses a free version of its cyber fraud detection tool, forever.
Fifth Third Bank launches 1% Cash/Back card to attract consumers looking for interest-free lending: But it’s up against widely available 2% cash back cards in a highly competitive industry.
The Fed reports increased consumer borrowing: Credit card balances are rising as consumers struggle with inflation and other economic challenges.