Meta to Launch Twitter-like App Called Threads
Meta Platforms is to debut Threads, a Twitter-rivalling microblogging app, only days after Twitter CEO Elon Musk drew flak for placing a temporary limit on how many...
Brand Value is the Top Factor Driving US Purchases
According to an August 2023 CivicScience survey, knowing and trusting a brand is the most important factor for US adults, especially those aged 55 and up, when...
Customers’ Limited budgets Dampen Amazon’s outlook
Amazon.com said on Thursday that its operating profit could fall to zero in the current quarter as layoff savings fail to offset the financial impact of consumers...
Apple Pay Later to Launch Soon, Shaking Up Buy Now, Pay Later Industry
Tim Cook, CEO of Apple, told CNBC that the buy now, pay later (BNPL) feature is being beta-tested by Apple staff. Cook added that Apple Pay Later...
Global Personal Luxury Sales are Approaching the $500 Billion Threshold
Although growth is slowing, global personal luxury sales will increase from $415.45 billion in 2023 to $499.59 billion in 2027, according to a forecast by Insider Intelligence/eMarketer.
The...
TikTok Growth is Slowing
TikTok may have been the world's most downloaded and consumer spending app in 2023, but it was not the most used.
Last year, Facebook remained the top...
Etsy Tops Revenue Estimates on Personalized Product Demand, Higher Fees
Etsy surpassed market estimates for quarterly sales on Wednesday, thanks to increased demand for products like personalized gifts sold on its e-commerce platform and higher transaction fees,...
People want AI to Find Products and Talk to Customers
IBM data from October 2023 shows that 86% of adults worldwide want AI to help them research or find information about products to improve their shopping experience,...
Snapchat Users will be able to Shop on Snapchat
Snapchat users in the United States will be able to buy select products featured on the e-commerce website directly from the social media app, similar to a...
Latin America E-Commerce to Increase 25% by 2027
The Latin American region presently has 300 million digital consumers, with a 20% increase expected by 2027, according to a recent PayU GPO report.
The rapid expansion emphasizes...
