Spotify Technology SA will slow hiring in the coming months by 25 percent due to deteriorating macroeconomic conditions, Chief Executive Daniel Ek wrote in a memo to employees cited today (June 15) by various media. The audio-streaming service has been on a “hiring spree,” adding...
With PYMNTS research finding that estimated total monthly expenditure on subscriptions fell by 46% in March versus six months prior, we can now invoke “the great unsubscribe.” It’s certainty trending, as we see in that figure from the latest edition of “The Subscription Commerce Conversion...
Telegram is set to debut a paid subscription plan for users later this month, the messaging app’s co-founder said Friday (June 10). Writing on the company blog, Pavel Durov said Telegram Premium would offer subscribers a higher limit for chats and file and media uploads....
As aggregators contend with their customers’ multi-brand loyalty, leading players are leveraging their subscription programs in an effort to become members’ sole choice for restaurant delivery ordering. However, with the monthly cost of these offerings, it can be difficult for providers to drive adoption and...
Among the shopping features consumers want their retail subscription providers to support, free shipping is ranked No. 1. While this is a basic feature that consistently ranks at the top of subscribers’ must-have lists, it has grown in importance over the last few months, according...
TikTok has announced a program to allow viewers to pay to subscribe to specific streamers, a report said Tuesday (May 24). Called Live Subscription, it will give fans access to features like a subscriber-only chat, creator-specific emotes and badges. Some creators have said they look forward...
Ecommerce platform sticky.io, which provides services for subscription management and recurring billing, will be offering its services with Shopify, a press release said Monday (May 23). The new app integrates with Shopify and will let merchants configure flexible subscription offers, with customizable billing and dynamic...
Subscription-based businesses flourished during the pandemic as consumers largely confined to their homes sought ways to entertain themselves or continue buying deliverable items they needed for their households. Seeing an opportunity to develop long-term loyalty, these businesses typically allowed consumers to provide monthly payments in...
Subscription commerce may be a powerful tool for grocers to secure customer loyalty, but rising food costs stand in the way of merchants and their would-be subscribers. In this month’s edition of the Subscription Commerce Conversion Index, created in collaboration with subscription eCommerce platform sticky.io, which...