Wonder shows there’s still venture capital money to be had: Marc Lore’s food delivery startup last month closed a $350 million funding round at a $3.5 billion valuation.
Neiman Marcus Group’s sales volumes and margins surpass pre-pandemic levels: High-end shoppers continue to spend despite the volatile stock market and rising inflation—at least for now.
A tight labor market causes Dollar General to rethink store checkouts: The discount retailer is expanding its use of self-checkouts as it grapples with low margins.
The slippery AI consciousness debate: More controversy in Google’s AI team exposes the foggy world of artificial sentience. Mounting concerns about AI warrants more Big Tech accountability and transparency.
TikTok, YouTube, and Twitter continue to experiment with social commerce: YouTube sees a path forward with shoppable Shorts, but Twitter’s tentative approach won’t win it any customers.
It defines crypto as a commodity or security and gives authority to the CFTC and SEC. But some terminology and definitions are still unclear.
AppTrackingTransparency faces mounting legal pressure: A UK antitrust watchdog highlighted the policy as potentially anticompetitive, but good for privacy.
Retail media networks need to differentiate themselves: Dollar General’s retail media expansion highlights their reach with rural customers.
NFTs may be going through a rocky patch, but brands still turn to them for engagement: Budweiser is tokenizing its famous Clydesdales in a new campaign.
Capital One was the most downloaded US banking app between January and April 2022, with 5.0 million net new installations. Digital-only contender Chime took the No. 2 spot, with 4.7 million, while Chase came in third, with 4.1 million net new installs.
Amazon’s Prime Air drone delivery service is ready for takeoff: But it isn’t clear if the service is ready for primetime.
Beauty is one of the fastest-growing ecommerce categories: Newly minted unicorn Purplle hopes to keep that momentum going even as shoppers return to stores.
DoorDash leans on subscriber revenues as the delivery market cools: The platform’s focus on building loyalty could help it outlast competitors like Gorillas.