Two representatives introduced a house companion to the Credit Card Competition Act of 2022, showcasing a broader desire to reform card fees.
Reels, Reels, and more Reels: Facebook released an API for Reels, allowing users to share short-form videos to the app from outside platforms.
Watch the on-demand replay of our webinar, The Great Realignment, as our analysts showcase how ecommerce, social media, fintech, and more are being transformed amid the market turmoil of 2022.
On today's episode, we discuss how social commerce is evolving, how many Americans buy things on social platforms, and the importance of native checkout. "In Other News," we talk about the significance of YouTube turning on the money hose for Shorts and how long TikTok can preserve its image as a fun app. Tune in to the discussion with our analyst Jasmine Enberg.
Among US adults 34 and younger, 30% had used visual search for shopping as of August, and 12% used it regularly. By comparison, 22% of US adults overall had used the functionality, and 8% used it regularly.
Smarter subsidies and incentives for EV adoption: Global EV adoption targets require a monumental shift for consumers. The shift can be accelerated by incentives to help bring down initial costs.
Pfizer expands its agreement with CytoReason by five years to boost AI’s role in drug development. We spotlight the trend in the pharma world.
More repairable iPhones: Easier repair earns the iPhone 14 a 7/10 score from iFixit, revealing that Apple is complying with right-to-repair, a feature other smartphones should definitely copy.
Streaming’s next big act may be consolidation: Disney looks to gain full ownership of Hulu by early 2024, and other deals could be in the offing.
Audiobooks make Spotify an “all-in-one” audio destination: Despite some hiccups, audiobooks complete Spotify’s listening super-app goal.
Walmart has big plans to grow its ad business: Its ad tech platform is working with TikTok, Snap, and Roku to measure how social media and CTV advertising affect sales.
Patagonia’s climate commitment puts retailers’ sustainability initiatives under scrutiny: Macy’s, Nike, and Puma are some of the companies taking smaller steps in their quest to reduce their carbon footprint.
Augment promises ‘the future of productivity’ is here: After a year of secrecy, the startup is now beta testing a potentially disruptive virtual assistant. Watch for mimicry and takeover attempts.
Tech hiring scavengers swoop in: Snap employees laid off this summer are being swamped with interest from recruiters. It’s rooted in a skills deficit that shows no sign of abating.
US regional banks have grown to a size where an economic crisis would have lasting impacts. And EU banks are under review for potential energy-related losses.
So far, the line of questioning is unclear—but it’s unusual, and it’s another headache the bank doesn’t need.
The two new companies will focus on ATM products and services and digital banking products. But beyond that, the strategy is unclear.
Amazon’s days of freewheeling expansion are over—for now: The retail giant paused warehouse construction in Spain and is reducing its US footprint as ecommerce demand wanes.