It’s the first feature of its kind in a financial app. But becoming a super app is a competitive race full of challenges.
After reviewing the books, Binance is walking away from its nonbinding agreement to buy crypto exchange FTX.
After receiving funding just last month, the firm is looking for potential buyers, signaling hard times for all.
FedEx says volumes are lower than expected going into the holiday season: But UPS anticipates a peak later in the year as shoppers return to stores and supply chain concerns fade.
The company’s gross merchandise volume surged 62% YoY thanks to a boost in active customers and merchants.
Disney’s blockbuster streaming numbers aren’t cutting it: Despite a whopping 12.1 million subscribers, investor pressure is pushing Disney to dramatically increase ARPU.
The early results are in: Foot traffic saw increases week over week between September 19 and October 16, suggesting the holiday season may have kicked off earlier in-store, per Placer.ai.
Retailers focus on delivery certainty rather than speed: Saks Off Fifth is the latest retailer to offer shoppers a specific delivery date.
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.