Amazon could soon be the third-place online advertiser behind Facebook and Google — but only if it can avoid trouble with regulators and shoppers
- Researchers with eMarketer tell the Wall Street Journal that Amazon could soon become the third largest US digital advertiser, behind Google and Facebook — an impressive benchmark considering ads are a side business for the web's biggest retailer.
- But as the Amazon continues to grow its ad business, it must prove that it can avoid the same regulatory scrutiny that has plagued other powerful ad platforms, such as Google search and Facebook's social network.
- Certainly, Google has a much larger share of search than Amazon has of retail and market share is always a factor in how regulators decide if a business is anticompetitive.
- But Amazon's share of the retail market continues to expand More than half of all product searches occur on Amazon, Leigh said.
An Amazon executive reveals the strategic reason why the company is wooing small businesses with a dedicated shopping page
- Amazon's new Storefronts page is open for business, and it gives customers a chance to shop from more local businesses.
- Amazon created the new page because customers were looking for a way to more easily shop products from businesses native to their own country, according to Nicholas Denissen, a vice president at Amazon and head of Amazon Marketplace Business.
- The new page could be a way to rectify that, and for customers to support these American small businesses, should they desire.
- Denissen said the new page has nothing to do with correcting or repairing Amazon's reputation among either buyers or sellers, as some experts have described Storefronts as "PR outreach" in an interview with Digiday.
- To select the 20,000 vendors and one million products featured on the Storefront section, Denissen said that Amazon chose top sellers and merchandise, both with good reviews on the platform.
GitLab raises $100M
- GitLab, the developer service that aims to offer a full lifecycle DevOps platform, today announced that it has raised a $100 million Series D funding round at a valuation of $1.1 billion.
- As GitLab CEO Sid Sijbrandij told me, this round, which brings the company’s total funding to $145.5 million, will help it enable its goal of reaching an IPO by November 2020.
- According to Sijbrandij, GitLab’s original plan was to raise a new funding round at a valuation over $1 billion early next year.
- But since Iconiq came along with an offer that pretty much matched what the company set out to achieve in a few months anyway, the team decided to go ahead and raise the round now.
- Given this focus, GitLab will invest most of the funding in its engineering efforts to build out its existing products but also to launch new ones.
China's state-backed 'National Team' may rescue stocks from trade war woes
- As an escalating trade battle with Washington raises growth concerns in Beijing, Chinese stocks may get a helping hand from state-backed investors.
- Deutsche Bank analysts Michael Tong and Luka Zhu wrote in a note to clients out Tuesday that it's increasingly looking like the "National Team" has and will continue to intervene in China's stock market.
- On Tuesday, trade tensions helped send the Shanghai Composite to its lowest level since 2014, down more than 26% from its January high, and close to the key psychological level of 2,638.
- The Trump administration imposed tariffs on $200 billion worth of Chinese products Monday night.
- Bloomberg reported in August that investors were supporting Chinese stocks and urging insurance companies to buy them.
- The team held more than 1,100 stocks that were valued at more than $180 billion as of June 2018, Tong and Zhu estimate.
Consumers are sitting ducks in a car yard
- He testified that the practice in the industry is to reward car dealers by paying "flex commissions" on car loans.
- The bank sets a base interest rate, but then leaves it up to the car dealer to decide the actual interest rate the customer will pay on the car loan.
- The margin between the base interest rate, and the interest rate the customer ends up paying, is then divvied up between the car dealer and the bank.
- In deciding whether or not to make auto loans, banks are heavily reliant on car yard business managers – who are obviously eager to finalise the car sale – to fill in loan application forms correctly, supplemented with customer declarations.
- On Wednesday, counsel assisting Mark Costello asked IAG's group executive for business distribution, Benjamin Bessell, whether he agreed that "a significant number of the add-on insurance products sold by Swann were of questionable or little value to the consumer".
A $736 billion investor that survived the stock-market crash of a lifetime has 3 simple pieces of advice for anyone who's just starting out
- It will mark the anniversary of the demise of Lehman Brothers, the giant investment banks that folded as America's housing market and several investment products tied to it collapsed.
- Aberdeen Asset Management, now Aberdeen Standard Investments following a merger in 2017, was one of the firms that survived that period.
- It can partly thank its CEO, Martin Gilbert, for his decision to sound the alarm on collateralized debt obligations before the risky financial product helped plunge the global financial system into chaos.
- Invest in what you understand, spread your risk and know that if something looks too good to be true, it almost certainly is.
- The products that the banks were churning out in the run-up to the crisis were ever more complex and built on even shakier fundamentals.
- This relates to another lesson, and that is that the nature of a globalized economy makes neatly apportioning blame very hard.
Opioid Crisis Emerges as a Dominant Campaign Theme
- In the past four years, the opioid crisis has grown from an afterthought in political campaigns to an important issue in some of this fall’s biggest midterm races, according to television advertising data from Kantar Media/CMAG.
- An analysis by The Wall Street Journal found that, so far in 2018, ads containing opioid messaging have aired more than 50,000 times across 25 states.
- At this point in 2014, there had been only one political TV ad touching on the topic that aired 70 times—in Kentucky’s Senate race.
Rising US-China trade tensions 'couldn't come at a worse time': Iowa agriculture secretary
- American farmers have already been hurt by retaliatory tariffs from the U.S.-China trade war, and the ratcheting of tensions once again is unfortunate and comes at a bad time, according to Iowa Agriculture Secretary Mike Naig.
- On Monday, the Trump administration escalated the trade tussle with China by announcing tariffs of 10 percent on some $200 billion of Chinese goods.
- China previously slapped tariffs on U.S. soybeans, corn, wheat, sorghum fresh fruit as well as nuts and certain dairy products.
- Beijing also has placed hefty import taxes on American pork products which now exceed 70 percent.
- There's also concern China could slap additional tariffs on agricultural and food products previously targeted with import taxes.
- Nearly $20 billion in U.S. agricultural exports went to China last year, with more than half of that amount coming from soybeans.
Evernote just slashed 54 jobs, or 15 percent of its workforce
- It’s no secret that Evernote, the productivity app that lets people take notes and organize other files from their working and non-work life, has been trying to regain its former footing as one of the most popular apps in the U.S., and that doing so has been an ongoing struggle.
- At an an all-hands meeting earlier today, he told gathered staffers that Evernote has no choice but to lay off 54 people — roughly 15 percent of the company’s workforce — and to focus its efforts instead around specific functions, including product development and engineering.
- In fact, a person who tipped TechCrunch off to the executive departures two weeks ago characterized Evernote as “in a death spiral,” saying that user growth and active users have been flat for the last six years and that the company’s enterprise product offering hasn’t caught on.
- The company has raised nearly $300 million over the years, including from Sequoia Capital, New Enterprise Associates, and T.
Microsoft launches new AI applications for customer service and sales
- Unsurprisingly, Microsoft argues that Dynamics 365 does not do that, allowing it to now use all of this data to build machine learning-driven experiences for specific tasks.
- That’s obviously among the most basic of machine learning applications these days, but AI for Sales also helps these salespeople understand what actions they should take next and which prospects to prioritize.
- Finally, Dynamics 365 AI for Market Insights does just what the name implies: it provides teams with data about social sentiment, but this, too, goes a bit deeper.
- “This allows organizations to harness the vast amounts of social sentiment, be able to analyze it, and then take action on how to use these insights to increase brand loyalty, as well as understand what newsworthy events will help provide different brand affinities across an organization,” Taylor said.