Consumers shift their spending from goods to services: US household spending rose at its slowest pace this year in May as inflation dragged on people’s purchasing power.
This year, US adults will spend 25.7% of their social media time on Facebook, down 9.6 percentage points from 2019. As Facebook’s share drops, TikTok’s will continue to grow. US adults will devote 16.7% of their social time to TikTok this year, up 12.2 percentage points from 2019.
Seventy-three percent of respondents expect companies to understand their unique needs and expectations, and 62% think companies should anticipate their needs, according to a May 2022 Salesforce report.
Amazon looks for another way to monetize its physical stores: The retailer’s new data tracking service for its physical grocery stores mines data on shoppers' behaviors.
The parent company of QVC and HSN broadens its reach: Qurate’s new fully shoppable streaming app combines its five linear channels, three digital-only linear channels, and streaming-only shows.
TikTok’s business reflects blurring lines between social media and entertainment: The popular app describes itself as the latter, but that won’t halt regulatory concern.
Legal marijuana is a huge retail opportunity: Marijuana sales are expected to surpass $33 billion this year.
AliveCor’s tech could be a more accessible option for clinical research as the ITC weighs a ban of Apple Watches after an EKG patent violation.
Nuance is dominating the voice AI space as it partners with athenahealth to release its latest documentation tool.
Apple TV+ competes on quality: Meanwhile, Prime Video is adjusting its strategy, while Disney+ maintains the status quo.
Energy independence undermined: A group is using propaganda to keep other countries dependent on rare-earth minerals from China. As more disinformation looms, social media companies could help stop it.
Urbanites in the digital dark: A Seattle couple’s Comcast saga illustrates how many city dwellers are still struggling to get connected. Treating the internet as a public utility could help.
This year, 120.0 million US adults will book travel via digital channels. While that figure is up 29.7 million from 2020’s pandemic low, it’s 6.2 million fewer digital travel bookers than in 2019.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss how shoppers and retailers use Google and why the company's previous investments in the ecommerce space haven't worked out so well. Then for "Pop-Up Rankings," we rank the top three winning Google shopping features and discuss one feature we expect to fizzle out. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and Yory Wurmser.
As the crypto exchange reportedly mulls a takeover bid for the trading app, we look at the pros and cons of the rumored acquisition.