Meta’s pivot away from news is complete: The company is severing ties with publishers to save money and focus on short-form video.
$52B CHIPS Act closer to becoming law: A convergence of economic and national security policy, the infusion of capital could reduce reliance on foreign technology while paving the way for American innovation.
The economy looks very different to high-income consumers: Luxury sales continue to soar, while lower-income shoppers rethink their priorities.
Data centers vs. housing: Using energy resources equivalent to small cities, data centers are contributing to London’s housing shortage. The problem will get worse until the data sector prioritizes sustainability.
On top of that, BMO Harris has been accused of deleting evidence. This could mark the end of the line for the deal.
A new set of rules will make customer interactions with banks and FIs easier.
Volume increased 12% YoY in its fiscal Q3 and was at 136% of 2019 levels—though inflation likely played a role.
Meta’s Q2 shows how far its ad business has fallen: Wounded by privacy changes and a lack of young users, the value of Meta’s ads is plummeting.
Behind YouTube’s slowdown lurks TikTok: Q2 marks slackest revenue growth in over 2 years against tough comparisons and increased competition.
Seedtag nets $250 million to solve the post-cookie future: The company will set its sights on North American expansion.
Google Shopping stands to benefit from external factors that will draw more shoppers to its platforms.
On today's episode, we discuss how much longer Google can own the internet, whether buy now, pay later (BNPL) is in flux, how much Big Tech companies want live sports, whether online shopping is confusing, how best to market to Gen Z, an unpopular opinion about buying things on social media, what influences gas prices, and more. Tune in to the discussion with our director of reports editing Rahul Chadha, director of forecasting Oscar Orozco, and vice president of Briefings Stephanie Taglianetti.
Fanatics expects its collectibles business will generate $1 billion this year: The company signed deals with Netflix and Legendary Entertainment as it expands into pop culture.
There’s a new container ship backup: Demand surged earlier than usual as several large retailers moved up their holiday imports to (ironically) avoid supply chain disruptions.