Verizon Media Group is laying off 7 percent of its workforce
- In an email to employees, Verizon Media Group CEO Guru Gowrappan also positions the cuts as part of a broader strategy, with the company focused on three core areas in the first quarter of this year: growing the “member-centric ecosystem,” increasing usage/spending on its B2B products and increasing video supply and distribution.
- As hard as it may have felt at times, we’ve made some great strides to serve our customers globally – from consolidating ad platforms, to expanding the Microsoft partnership, growing live programming and content offerings for our Supers, and prioritizing and launching 8 new or substantially updated products at Build It 2018.
- In Q1, we’ll have 3 priority areas: first, grow our member-centric ecosystem with must-have mobile and video products and stem desktop declines; second, increase usage and spends flowing through B2B platforms; third, expand our video supply and overall distribution through partnerships.
Verizon Media Group is laying off 7% of its staff
- As hard as it may have felt at times, we've made some great strides to serve our customers globally - from consolidating ad platforms, to expanding the Microsoft partnership, growing live programming and content offerings for our Supers, and prioritizing and launching 8 new or substantially updated products at Build It 2018.
- In Q1, we'll have 3 priority areas: first, grow our member-centric ecosystem with must-have mobile and video products and stem desktop declines; second, increase usage and spends flowing through B2B platforms; third, expand our video supply and overall distribution through partnerships.
- As we work to deliver on both short-term objectives to stabilize our business, we are also focused on long-term strategies that will accelerate distribution, growth and innovation as part of Verizon.
- We are an important part of Verizon and the $7+ billion in revenue we generate through our member-centric ecosystem puts us among the top tech/media companies in the world.
Challenging Facebook's '#10YearChallenge'
- In my view, the meme, which prompts people to post before-and-after photos of themselves on Facebook, Instagram, and other social media sites, is no better than a data-siphoning social engineering attempt.
- It doesn’t take a great leap of the imagination to see how these abilities might benefit marketers looking to personalize advertisements—for retirees (picture yourself—literally—in this lovely home), for beauty products (want to look dozens of years younger?), and untold other age-discriminating possibilities.
- The site spring-boarded from college campuses into the homes of tech-savvy youngsters everywhere, setting it on a path that would produce the world-dominating media juggernaut we know today.
- Ten years later Facebook’s demographics are skewing much older; Millennials and Gen Z-ers are ditching the flagship site even as parents sign up.
- Even if the 10-year challenge is not some grand conspiracy with an ulterior motive (see: Cambridge Analytica), it’s worth considering what ulterior outcomes one’s participation might enable.
We pitted the 2 most popular personalized hair-care startups against each other to see how they stack up
- Function of Beauty and Prose share many similarities, including their basic business models (personalized hair-care, delivered), a ton of funding ($12.2 million and $25 million, respectively), and even founders utilizing their MIT smarts.
- Prose sends you your hair-care products in seven days while Function of Beauty takes a little longer, up to nine days.
- Instead, they make use of dozens of healthy and effective natural ingredients (over 50 for Function of Beauty and over 75 for Prose) to help your hair look and feel great.
- When you subscribe to Function of Beauty(deliveries made every one or two months, or whatever timing you choose), you get free shipping, access to discontinued colors and fragrances, invitations to help test-drive new products, and more.
- Function of Beauty offers various gift card options so your loved one can create their own customized shampoo and conditioner.
Procter & Gamble shares jump as earnings, sales top Wall Street estimates
- Procter & Gamble's bet on raising prices amid higher commodity and transportation costs is paying off for the consumer products giant.
- Shares surged more than 4 percent in premarket trading Wednesday after fiscal second-quarter earnings and sales outpaced Wall Street estimates, prompting the company to raise its organic sales forecast.
- The company said about 1 percent of its organic sales growth in the quarter came from higher pricing.
- P&G reported fiscal second-quarter net income of $3.19 billion, or $1.22 per share, up from $2.5 billion, or 93 cents per share a year earlier.
- The company now expects organic sales to rise in the range of 2 to 4 percent for fiscal 2019.
- Foreign exchange and higher commodity and transportation costs are expected to be a $1.4 billion headwind in fiscal 2019.
‘We have to get off the rollercoaster’: Alberta targets $2 billion upgrader to get more value from oil
- Alberta is working to encourage construction of a $2 billion partial-upgrading facility that would turn more of the province’s sludgy bitumen into higher-value products.
- The province is offering a $440 million loan guarantee to help build the project, which is seeking additional financing as it works toward a final investment decision this year.
- The loan guarantee is part of about $3 billion Alberta plans to invest to spur the construction of refineries, upgraders and petrochemical facilities to reap more of the value from the province’s oil reserves.
- The plan also is aimed at helping alleviate the pipeline bottlenecks that have hammered local crude prices and last year prompted Premier Rachel Notley to mandate a province-wide oil production cut to boost prices.
- Notley said the province is working on $20 billion in projects to help add value to Alberta’s crude.
The secret censorship holding back the sex toy industry
- While crowdfunding and online retail have been eager to court the business of other gadget manufacturers, sex toy companies still struggle to navigate content regulations and figure out whether their business counts as “obscene” in the eyes of payment processors, banks, and advertising platforms.
- The recently launched brand plusOne — the first sex toys to be stocked in-store at Walmart — has been restricted to text-only online ads, “even though these are items that are selling at the largest retailer in the world and one with a specific reputation of being conservative,” says plusOne’s CEO Jamie Leventhal.
- Although the advertising regulations for these platforms have gone through several revisions over the years, Facebook’s now makes clear that sex toys are not considered a respectable business: “Ads must not promote the sale or use of adult products or services, except for ads for family planning and contraception,” declares the company’s advertising policy.
This $24 portable foam roller does wonders for loosening up my sore muscles
- Austin-based Wormwide Products sent me The Original Worm— a device that combines massage balls and a foam roller — to test.
- The manufacturer recommends wiping down the exterior of the roller, but if a protein shake were to burst open in your gym bag and drench The Original Worm, you'd have a hard time getting it completely clean since it may not be safe for your washing machine or dishwasher.
- For full-body stretches and rolling out your back muscles, you generally need a large foam roller of about 6 inches in diameter and 36 inches in length.
- Overall, I think anyone who regularly gets sore muscles should own a foam roller.
- The Original Worm is reasonably priced for a foam roller, and you can essentially test it out risk-free thanks to Wormwide Products' 90-day warranty.
Wynd raises $82 million for its store management service
- French startup Wynd raised another $82 million (€72 million) from Natixis, Sofina and BNF capital.
- It now provides a one-stop-shop for all your digital needs when it comes to managing your offline and online sales.
- The startup has raised $127 million in total (€112 million) from today’s new investors as well as Sodexo, Orange and Alven.
- The service manages your inventory, handles orders, payments and tells your staff what they’re supposed to do to prepare orders for your customers.
- Everything is omnichannel, which means that an online sale and an offline sale are handled the same way in the system — there’s just a different parameter when it comes to delivery.
- And Wynd can also replace your product information management service.
- And now, big brands are using Wynd to manage their sales, such as Carrefour, Total, MK2 and Monceau Fleurs.
The cannabis producer Tilray is gaining ground after announcing plans to acquire cultivator Natura Naturals
- The Canadian marijuana-producer Tilray was ticking Tuesday, up 1%, after announcing plans to acquire Natura Naturals, the parent company of a licensed cultivator of cannabis.
- Under a definitive agreement with Natura, Tilray will pay as much as 70 million Canadian dollars ($52.45 million) when the deal closes over the following 12 months, including 15 million Canadian dollars in cash ($11.24 million), according to the company.
- Tilray began trading on the Nasdaq in July, becoming the first cannabis company to have an initial public offering in the US.
- In December, Tilray announced a partnership with a division of Swiss drug giant Novartis AG, hoping to commercialize its non-smokable medical-cannabis products, develop new products, and educate pharmacists and physicians about cannabis.
- Tilray was up 241% since going public in July and is trading at $78.32 a share on Tuesday.