YouTube made its pitch to advertisers on Wednesday, accompanied by a flashy performance from Lady Gaga and special appearances from popular YouTubers like Brittany Broski and MrBeast. During its upfront presentation, YouTube executives introduced new ad formats coming to the platform, including an enhanced shoppable connected TV (CTV) offering that includes a new interactive product…
Category: E-Commerce
Amazon, Commerce, E-Commerce, Global Security News, prime day, Tariffs
Amazon Prime Day to return in July despite threat of tariffs
Amazon is bringing back its annual sales event, Prime Day, in July, the e-commerce giant said on Tuesday. This year, consumer demand for the popular sale event could be dampened by the possibility of tariffs increasing the cost of goods. To highlight the impact of President Trump’s tariffs, Amazon will reportedly begin to display the…
Department of Justice, E-Commerce, Fintech, Global Security News, Startups
Fintech founder charged with fraud after ‘AI’ shopping app found to be powered by humans in the Philippines
Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, was charged with defrauding investors on Wednesday, according to a press release from the U.S. Department of Justice. Founded in 2018, Nate raised over $50 million from investors like Coatue and Forerunner Ventures, most recently raising…
E-Commerce, Fashion, Global Security News, lyst, TC, Zozo
Lyst, the fashion marketplace once valued at $700M, sells to Japan’s Zozo for $154M
Fashion goes in and out of style, and so, it turns out, do fashion startups. Lyst — the high-end fashion marketplace with 160 million users that was once valued at $700 million — has been acquired for just $154 million in an all-cash deal. The buyer is Zozo, a Japan-based fashion and e-commerce business. Zozo…
AI, Amazon, Commerce, E-Commerce, generative ai, Global Security News
Amazon launches personalized shopping prompts as part of its generative AI push
Amazon continues to infuse AI into its shopping tools to encourage customers to make more purchases. The company announced on Wednesday a new feature called “Interests,” aimed at creating a more personalized and conversational search experience. With the new feature, customers can enter tailored prompts in the search bar, reflecting their interests, preferences, and even…
E-Commerce, Global IT News, Global Security News, Startups
Bolt’s former CEO is launching a new e-commerce startup
Maju Kuruvilla, who left the CEO role of controversial one-click checkout startup Bolt last year, is back. He’s launching his own startup, focused on a different problem for online shoppers: what he calls “check-in.” When you click on an ad for something like a t-shirt, the experience afterwards can feel a little clunky. The website…
AI, E-Commerce, generative ai, Global IT News, Global Security News, Google
Google’s Shopping tab has a new AI tool that takes your fashion idea and suggests similar clothing
On Wednesday, Google announced the launch of a new AI image feature for its Shopping tab, designed to help users find clothing items they envision by allowing them to search using their own words. The company is also expanding its AR beauty and virtual try-on tools. The new feature, “Vision Match,” is now available in…
Amazon, Apps, Commerce, E-Commerce, Global IT News, Global Security News, Shopping
Amazon tests sending customers directly to brands’ websites when it doesn’t stock their products
Remember that Christmas movie “Miracle on 34th Street,” where Macy’s in-store Santa, Kris Kringle, sends a frazzled shopper to a competitor’s store to find the Christmas present her son wanted because Macy’s was out of stock? Now, Amazon is doing the same thing online. The retailer announced on Tuesday the test of a new Amazon…
Commerce, E-Commerce, Fundraising, Global IT News, Global Security News, pdq, prettydamnquick
PrettyDamnQuick snaps up $25M to speed up online checkout
A startup hoping to provide a credible alternative to Amazon has picked up funding to double down on the gap in the market. PrettyDamnQuick (PDQ) provides tech to retailers to let them customize and test different shipping and checkout flows, and now it has picked up a deal of its own: a $25 million Series…
Apps, Commerce, E-Commerce, funding rounds, Global IT News, Global Security News, livestream shopping, series E funding, Whatnot
Livestream shopping app Whatnot raises $265M, pinning valuation at nearly $5B
Whatnot, the platform that allows users to sell items such as trading cards, comics, and sneakers through live videos, announced on Wednesday that it has secured $265 million in a Series E funding round, a significant investment for a livestream shopping platform. This round puts Whatnot’s valuation at $4.97 billion. The investment marks an important…
cyber attack, cyber security, Cybersecurity, E-Commerce, EU, Global Security News, Ransomware, retail, sainsburys, Security, Software, starbucks, supply chain, TR, uk, United Kingdom
Starbucks, Supermarkets Targeted in Ransomware Attack
In December, ransomware group Termite claimed responsibility for the attacks.
AI, business, E-Commerce, Global Security News, News, trends
5 Small Business E-Commerce Trends for 2022
The e-commerce space has seen a huge boom over the past two years due to changes in consumer shopping habits. This year will likely see major changes and advancements in e-commerce, and your business may get left behind if you don’t stay ahead of the curve. Here are the top e-commerce trends that small businesses […]
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