Snapchat parent Snap Inc. has set its sights on social commerce following its earnings report last week. In retail, merchants are encountering a pricing problem as they look for new ways to pass along the rising expenses of shipping, wages and raw materials. And in recurring payments, subscription services have managed to thrive during the pandemic. All this, Today in Data.
Data:
280M: Number of daily active users Snap Inc. reported in its Q1 financial results.
96M: Number of new subscriptions in the U.S. between February and July 2020.
51%: Share of streaming consumers who signed up during the pandemic and are likely to keep the service.
41%: Share of the nation’s news publishers that “make it easy” for subscribers to cancel subscriptions online.
$25M: Amount of new cost pressures Sleep Number is anticipating this quarter.
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