Ghost appears with new funding, marketplace to match buyers with unsold products
The process for retailers and brands to liquidate excess inventory hasn't changed very much, if at all, and while some retailers were able to build operational infrastructure to service the off-price channels, it continues to be a constant pain point.
Brands overproduce more than $500 billion o
YouTube rolls out new shopping features, announces partnership with Shopify
YouTube announced today that it’s launching several new shopping features for both viewers and creators. Most notably, YouTube is partnering with Shopify to allow creators and merchants to feature their products on their channels. Eligible creators can now link their Shopify store to their Yo
Amazon sues admins from 10,000 Facebook groups over fake reviews
If the reviews of the last completely necessary and not at all superfluous thing you bought on Amazon looked like so much copypasta, there’s a good reason: Fake reviews abound and people are getting paid to post them.
Amazon filed a lawsuit Monday against the administrators of more than 10,00
Netflix to test a new ‘add a home’ option to charge for password sharing
Netflix announced today that it will begin testing a new “add a home” feature to charge users who share their account with others in select countries. The test marks the streaming giant’s latest effort toward cracking down on password sharing. The test will prompt users to pay an
Uber to pay millions for overcharging people with disabilities
Uber has agreed to settle a lawsuit alleging that the ride-hail company violated the Americans with Disabilities Act (ADA) by overcharging riders with disabilities. The company will offer several million dollars in compensation to more than 65,000 Uber users who were “charged discriminatory f
Amazon refreshes Prime Video design with icon-based navigation and a dedicated sports tab
Amazon is introducing a new Prime Video interface for streaming devices, smart TVs and Android devices that ditches text-based tabs on top for icon-based navigation on the side along with a dedicated tab sports on the home page for live and pre-recorded content in the category. The new redesign inc
ESPN+ is getting a big price hike
On August 23, the price of ESPN+ will jump from $6.99 to $9.99 per month, and the annual plan is going up from $69.99 to $99.99. The steep 43% increase is the second subscription price hike in a little more than a year.
The company confirmed the news to technewss and said that subscribers will be
Smartphone shipments dropped 9% in Q2
Bad news about smartphone shipments has become the norm, rather than the exception, in recent years. The trend pre-dates the pandemic, but has only accelerated during the pandemic, thanks to various economic and supply chain impacts. Even so, a high single-digit drop warrants examination and some d
Meta’s Giphy deal lives to fight another day: Competition appeals tribunal blocks forced sale on disclosure grounds
Facebook parent Meta’s been putting up a strong fight appealing the U.K. antitrust decision investigating and ultimately ordering Meta to sell Giphy, the GIF marketplace that it acquired back in May 2020 for around $315 million; and now it has gotten a small stay of execution: the U.K.’
SupplyPike’s supply chain software helps CPG brands get products to stores on time
SupplyPike, a supply chain SaaS company, took in $25 million in Series B funding to continue developing software so that consumer packaged goods companies and brands are compliant with retailer needs and able to more efficiently deliver products on time.
The supply chain management market is expect
Snap launches Snapchat for Web to bring the app’s core features to desktop
Snap announced today that it’s introducing Snapchat for Web to let users send snaps and chat with friends via video calls, all from their desktops. To start, Snapchat for Web will be available to Snapchat+ subscribers in the United States, United Kingdom, Canada, Australia and New Zealand. Af
As regulation heats up, will gaming studios' gamble on loot boxes pay off?
You'd be hard pressed to find a game that doesn't include some form of microtransactions these days, especially in mobile games. It just makes sense for gaming companies — an immensely lucrative source of revenue, the microtransactions market was worth at $60 billion in 2021, and projecte
Analysts estimate single-digit growth for all retailers during Prime Day sales
Amazon’s annual sales event Prime Day delivered more than $12 billion in sales, according to third-party estimates. The retailer hosted the popular shopping event in the U.S. and in more than 15 other countries worldwide on July 13-15. This was the first Prime Day event under the new CEO Andy
Elon Musk pushes for the Twitter trial to start next year
With Twitter pressing for a quick trial, Elon Musk’s lawyers are making a case to slow things down.
In the lawsuit Twitter filed against its would-be owner, the company argued that it would only need four days to prove that the court should require Musk to follow through with his agreement to