Connected Economy

Connected Economy
Delta’s Optimism on Travel Spending Helps CE 100 Index Surge 3.3% 
July 02, 2023

June’s over, and thus far, two quarters in, the year’s been notably strong for the CE 100 Index. All indices were in the black, again, this past week, continuing a string of positive performances.  And it was the Move sector, this time around — with...

Connected Economy
Uber Leverages Platform to Cross-Sell Consumers on Food Delivery
June 26, 2023

Uber Eats may still be behind DoorDash when it comes to U.S. food delivery sales, but it has one key advantage when it comes to marketing to consumers — the rest of Uber’s platform. Take, for instance, one PYMNTS employee’s recent experience. After getting an...

Connected Economy
CE 100 Index Loses 2.8% as iRobot and AI Names Slide
June 26, 2023

Rumors of deal-making in the online grocery space were not enough to offset declines in shares tied to volatile sectors — including AI.  As a result, The CE 100 Index lost 2.82% last week, and only a single pillar gained ground, marked by the Shopping...

Connected Economy
US Taxpayers Backstopped Big Tech, VC Billions During SVB Collapse 
June 23, 2023

If money could’ve talked this spring, it would’ve been saying “goodbye.” Or so politicians, businesses and individuals around America thought when Silicon Valley Bank (SVB) collapsed on March 10 in one of the biggest bank failures in U.S. history, starting runs at other regional lenders. That’s why the Federal...

Connected Economy
PYMNTS Data Shows Gen Z’s Embrace of Credit — When They Can Get It  
June 20, 2023

Credit remains a lifeline for Generation Z — if they’ve got access to it in the first place. To that end, PYMNTS data shows that younger consumers, specifically those born at the end of the Millennium until about 12 years old, wield their cards in...

Connected Economy
Twitter Developing Video App for Smart TVs
June 18, 2023

Twitter’s plans include a video app for smart TVs. Owner Elon Musk said this Saturday (June 17) in response to a tweet that said: “We really need a Twitter video app for Smart TVs. I’m not watching an hourlong video on Twitter.” “It’s coming,” Musk said...

Connected Economy
ByteDance Chasing WeChat in the Super-App Race With Douyin
June 14, 2023

ByteDance, the parent company of popular social media app TikTok, is on a mission to become China’s next “everything app” to rival the success of WeChat by Tencent.  With most of its $80 billion annual revenue coming from social media ad revenue, ByteDance has been testing its Douyin app,...

Connected Economy
Gen Z’s Digital Shift Gives Rise to Self-Service College Dining
June 14, 2023

With the rise in digital ordering and other convenience-focused technologies in recent years, college students increasingly expect to be able to eat what they want, when they want it. In an interview with PYMNTS, Paul Kowalczyk, the head of Elior North America’s Education segment, which...

Connected Economy
Finding The Digital Economy’s Product Market FIT
June 12, 2023

I was recently asked for my advice on a new B2B network aimed at solving a big problem for a segment of small business sellers. The network was built on the blockchain; the design was very clever, well-developed and thoughtful. The consensus from those asking...