Big tech companies like Google and Apple will soon face sweeping new regulations in Europe. As The Wall Street Journal noted in a report Sunday (Aug. 20), the new laws mark the largest expansion of regulations ever seen in the west, similar to the restrictions...
A data breach at Tesla in May was apparently the work of insiders. That’s according to a notice from the Maine attorney general issued Friday (Aug. 18), which said the breach impacted 75,735 people, nine of them from Maine, who are apparently current or former...
Sneaker rental platform Kyx World learned a hard lesson in January. Demand for its shoes dropped, and it had to abruptly cease operations just a month after securing a round of seed funding, Sole Retriever reported at the time. Maybe sneaker rentals weren’t the way to go. The company...
Buoyed by growing consumer preference for faster payments, instant disbursements have gained popularity in recent years. The recent launch of the FedNow instant payments system has further underscoring that demand. In the “Disbursements Satisfaction Report 2023: Instant Payouts Reach an Inflection Point” report, PYMNTS provides...
Where Instacart goes, the question follows: will other eCommerce platforms follow? At this writing, the online grocer is mulling a traditional initial public offering, and the details are slated to become more concrete as soon as next week. If the plans do come to fruition, it...
X owner Elon Musk said Friday (Aug. 18) that users of the social media platform formerly known as Twitter will no longer be able to block content posted by unwanted followers. “Block is going to be eliminated as a ‘feature’, except for DMs [direct messages],”...
The Honest Company, a digital startup founded by actress Jessica Alba, is reportedly looking to boost its physical presence by expanding its partnership with Walmart. The company, which has primarily relied on eCommerce for its sales, is hoping that a store-within-a-store concept at the retail...
Consumers are proving resilient when it comes to spending on health and beauty products. That’s one of the takeaways this past week from Target and Walmart’s earnings calls, and from other retailers, too. By and large, shoppers seem comfortable using online channels, and in some...
Perhaps no industry has been upended more by the world’s ongoing digital transformation than retail. Walmart said on a Thursday (Aug. 17) earnings call discussing its second-quarter earnings results for fiscal year 2024 that weekly active digital users grew by more than 20%. Meanwhile, Target reported in...
