Microsoft preschool newsletter
Python
2008.01.25 04:14 Python
The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. --- If you have questions or are new to Python use LearnPython
2012.05.17 17:03 jartek WallStreetBets
You meant to go to /wallstreetbets, not /wsb. Have fun! /WSB is here to frame moments in time from /WallStreetBets' history. It is private, so we can send you to the main subreddit. Thanks!
2012.04.26 23:42 jartek WallStreetBets: Pro
Like 4chan found a Bloomberg Terminal
2024.05.13 22:51 adventurepaul E-commerce Industry News Recap 🔥 Week of May 13th, 2024
Hi - I'm Paul and I follow the e-commerce industry closely for my Shopifreaks E-commerce Newsletter. Each week I post a summary recap of the week's top stories, which I cover in depth with sources in the full edition. Let's dive in...
___
STAT OF THE WEEK: Kohl's sales have shrunk by $2.3B since 2019. During that same period of time, the company lost 1.3M customers who no longer shop with the retailer.
___
BigCommerce is exploring a sale after attracting takeover interest, according to sources who chose to remain anonymous due to the confidentiality of the information. The sources said that BigCommerce asked investment bank Qatalyst Partners to solicit interest from potential buyers that include private equity firms, but that the discussions are at an early stage and no deal is certain.
___
Squarespace announced that it will be going private in a $6.9B all-cash deal with private-equity firm Permira, who agreed to pay $44 per share (a roughly 30% premium). Although Squarespace never lost 90% of its share price like BigCommerce, it has experienced a tumultuous time on the market since its IPO in May 2021 — opening around $49.50 and at times trading in the low $20s. Shares rose nearly 13% to $43 in pre-market trading upon release of the news.
___
ByteDance filed a lawsuit in US federal court seeking to block the new law that would force the sale or ban of the app within the country. The lawsuit challenges the law on constitutional grounds, also citing commercial, technical, and legal hurdles, as well as opposition from Beijing. Legal experts say the legal battle will play out in the courts in coming months and likely will reach the Supreme Court.
___
OpenAI unveiled its newest model, GPT-4o, designed to turn ChatGPT into a digital personal assistant that can engage in real-time, spoken conversations and interact with users using text, screenshots, photos, documents, and charts. The new version of ChatGPT also has memory capabilities, which means it can learn from previous conversations. It will be available to both unpaid and premium customers alike. OpenAI also announced that it would be launching a desktop app with the GPT-4o capabilities, giving users another platform to interact with the technology outside of a web browser.
___
Amazon launched in South Africa last week, marking its first marketplace in sub-Saharan Africa, and bringing its total number of marketplaces worldwide to 22. To launch the new marketplace, Amazon is offering free delivery on first orders and on subsequent orders above R500 (about $27), access to 3,000 pick-up points, status updates via WhatsApp to track orders, 30 day refunds, and 24/7 customer support. The marketplace was supposed to launch in the country in 2023, but got delayed due to changes in priorities within Amazon.
___
In an unlikely partnership, Instacart is partnering with Uber Eats to expand into the restaurant delivery business. Instacart will add a new tab for restaurant delivery to its app in the coming weeks, the listings will be provided by Uber, and the food will be picked up and delivered by Uber Eats drivers. Customers will receive the same prices on both apps and Instacart will receive an affiliate commission on orders. It's a strange partnership though given that Instacart and Uber Eats actively compete on grocery delivery. Are they planning to merge? Uber says no.
___
Apple's advertisement for its latest iPad Pro sparked criticism for showing an animation of musical instruments, paint cans, cameras, record players, and other symbols of creativity being crushed by a giant machine, with the output being the new iPad Pro, which the company says is the thinnest Apple product ever. In this context, “crushing” was supposed to symbolize “consolidating” and “compacting” — with the visuals meant to showcase how the new iPad Pro puts the power of all these tools into the hands of creators in one thin device. However online commenters criticized the ad as insensitive and as symbolizing a “destruction of the human experience.” The ad hit the web on Tuesday, and by Thursday, Apple issued a mea culpa and apologized for the campaign.
___
Google is encouraging merchants to enable conversion annotations on their Google Shopping ads, which offer social proof that highlight a product's popularity. Conversion annotations like “best selling” or “3K shopped here recently” would provide visual cues about a product’s popularity or sales performance directly in the ad unit. Annotations like these are par for the course with e-commerce retailers including Amazon, Walmart, and Temu, which all employ similar tactics. They can provide valuable info for shoppers and also help with conversions. However they also open data privacy concerns, given that Google is not the actual retailer or marketplace selling the items, so a merchant would have to share this purchase history data from their e-commerce platform with Google — which technically most already do by giving access to GA4.
___
Shein is attempting to join the National Retail Federation as it pursues regulatory approval to go public in the US. The company believes that NRF membership would boost its chances of receiving SEC approval. However so far, Shein has been rejected numerous times. An anonymous source familiar with the matter said someone with heavy influence at the NRF is strongly against the Shein's admittance. However board members who spoke to CNBC said that Shein's membership application hadn't come up in meetings, and that they aren't involved in deciding which companies are granted access.
___
Amazon is leading the way with selling home goods, capturing 18.8% of consumer home furnishings spending, compared to Walmart's 7.3% market share. Notably, Amazon’s gains in the furniture category come in spite of the company’s decision to phase out two of its three furniture brands last year.
___
Stanley, which is projected to do $750M in sales this year, up from $73M in 2019, after seeing its water bottles become a status symbol thanks to TikTok, is now expanding into trendier accessories. The company is launching a line of bags called the All-Day Collection which include a mini cooler, backpack cooler, and Quencher Carry-All, designed for someone to sling their Stanley over their hip.
___
Jack Dorsey left the Bluesky board and deleted his account on the service he helped kickstart, claiming that Bluesky was “literally repeating all the mistakes” he made while running Twitter. Dorsey says he never intended Bluesky to be an independent company, but rather, an open source protocol that Twitter was supposed to be the first client of. He also confirmed that he is financially backing Nostr, another decentralized Twitter-like service popular among crypto enthusiasts and run by an anonymous founder.
___
Amazon is deploying 50 electric trucks in California, which it claims is the largest EV fleet in the country, as part of its mission to eliminate pollution from its global operations. The trucks will be integrated into first-mile operations, moving goods from container ships at the ports to fulfillment centers, as well as middle-mile operations, transporting packages from fulfillment centers to delivery centers.
___
Wix launched a new tool called AI Portfolio Creator, which allows a user to upload and organize large-scale image collections, select the type of portfolio they want, and then have the AI tool sort and generate a portfolio with clustered images, recommended titles and descriptions, and personalized layout options.
___
Amazon is now requiring all dietary supplements to be verified by a third-party testing, inspection, and certification organization — which is something that not even the FDA requires. Amazon is the largest supplement retailer in the US ahead of Walmart and Target, and its new requirements are expected to put more pressure on the industry, which is being scrutinized more than ever.
___
Alibaba is revamping its flagship retail website Taobao for the first time in seven years with a focus on providing a smoother search and buying process. The website overhaul comes ahead of the 618 sales event, China's second-largest annual shopping event. A few weeks ago I reported that Eddie Wu, the CEO of Alibaba Group, would now be directly overseeing its domestic e-commerce arm which includes Taobao and Tmall Group, and it sounds like he's hitting the ground running with his new responsibilities.
___
Amazon is hosting its first-ever Amazon Book Sale, a new shopping event starting on May 15th that offers up to 50% off print best sellers and up to 80% off Kindle Books. The six day shopping event will exclusively run in the US, and Prime-membership is not required to take advantage of the deals.
___
FTX reported that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded. The company owes about $11.2B to its customers and estimates that it has between $14.5B and $16.3B to distribute to them. The caveat is that customers will receive the USD value of their holdings at the time of the exchange collapse, and not the actual crypto holdings themselves, which means that they'll miss out on all gains during the past two years during which BTC went from around $16k to now over $60k. Better than nothing though, that's for sure.
___
800,000 consumers in Europe and the US were duped into sharing card details and other sensitive personal data with a network of fake online designer shops operated from China, which comprised one of the largest scams of its kind with 76,000 fake websites created. The scammers used expired domains to host its fake shops in order to help avoid detection by websites or brand owners, and more than 1M orders were processed in the past three years alone.
___
Beyond Inc, which owns Bed Bath & Beyond, Overstock, and Zulily, reported that its Q1 net loss swelled to $72M from $10M a year ago, while its operating loss widened to $58M from $8M. The company's active customers grew to 6M, up 26% from nearly 5M a year ago, however, its average order value dropped to $173 from $220 a year earlier.
___
TikTok will begin automatically labeling AI generated content when it is uploaded from certain platforms like DALL.E 3, Adobe Firefly, Photoshop, and Microsoft Copilot. TikTok will also start attaching Content Credentials to content, which will remain on the media when downloaded, allowing other platforms to read the metadata.
___
eBay is testing an Add To Cart button in search results that opens a Quick View window, allowing buyers to skip the listing page. Technically the button should probably not be labeled “Add To Cart” since it doesn't perform that action, but rather, displays a quick view window with three buttons: Buy It Now, Add To Cart, View All Details. Sellers are worried that buyers will miss crucial details in the product description that may lead to increased returns and negative feedback.
___
Amazon is planning to launch its fleet of drones in Tolleson, Arizona, but the city's extreme temperature is hampering its efforts. Drones can't operate in temperatures exceeding 104 degrees Fahrenheit, a temperature that Tolleson crosses for a full three months of the year.
___
A US district judge dismissed X's lawsuit against Bright Data, a data-scraping company accused of improperly accessing X system and violating X terms and state laws when scraping and selling data. The judge basically said that if X owned the data, it could perhaps argue that it has exclusive rights to control it, but then X wouldn't be able to enjoy the safe harbor of Section 230, which allows the platform to avoid liability for third-party content. Can't have it both ways!
___
Nintendo is discontinuing its X integration for the switch on June 10th, which means users will no longer be able to post screenshots or videos to the platform from their device. The drop in support also affects games like Super Smash Bros. Ultimate, which had game-specific options to send out tweets. Microsoft Xbox dropped support for X in April 2023 and Sony Playstation dropped the service in October 2023 due to the increase in X's API access fees.
___
Amazon claimed that its recordable incident rate — a metric that comprises all injuries requiring “more than basic first-aid treatment” — at its US warehouses has improved by 24% since 2019. However the National Employment Law Project challenged Amazon's injury data in a report last week, claiming that Amazon's overall injury rate in 2023 was 71% higher than that of other employers in the sector at 6.5 cases per 100 workers.
___
Amazon Ads announced three new advertising formats for streaming TV including shoppable carousel ads, interactive pause ads, and interactive trivia ads. Amazon did not say when the new ad types would officially launch, but noted that it will formally present them at a presentation on May 14th.
___
Meta is rolling out an expanded set of generative AI ad tools that can create full image variations with text overlays, expand images to fit across different aspect ratios, and generate alternate versions of headlines and other ad text. The features will become available globally to advertisers by the end of the year.
___
Square introduced a tool called Square Kiosk to allow self-service ordering at fast food restaurants. The device is a combined software, hardware, and payment solution that allows customers to select exactly what they want with customization options, upgrades, and add-ons.
___
The European Parliament announced new measures to make packaging more sustainable and reduce packaging waste in the EU, including reduction targets of 15% by 2040 — which sounds far away but is only 16 years away?! As part of the new rules, the EU will set maximum empty space ratios for e-commerce transportation, ban certain single-use plastic packaging types, and beverage distributors and take-away food will have to offer consumers the option of bringing their own container.
___
Indians who pre-ordered Teslas in 2016 are giving up and seeking refunds of their deposits after Elon Musk canceled another visit to the country last month. Disillusioned Tesla enthusiasts in India say they will now buy a car from the company only if they see it in a showroom, or they'll buy a different electrical vehicle from a company that actually exists in the country.
___
Target is limiting its Pride Month collection to select stores this year instead of rolling out the merchandise nationwide like it typically has for the past decade, due to backlash the retailer experienced last year. Last May customers in certain stores knocked down LGBTQ+ merchandise displays, angrily approached store employees, and posted threatening videos on social media from inside the stores.
___
E-commerce spending from Jan 1 to April 30, 2024 rose 7% YoY to $331.6B, according to Adobe Analytics. One trend Adobe identified during the period is a shift of online spending to purchasing the cheapest goods across personal care, electronics, apparel, home & garden, furniture, and grocery.
___
Plus 7 seed rounds, IPOs, and acquisitions of interest, including Shopify's acquisition of Peel, a tool that integrates with a merchant's tech stack including Klaviyo and Recharge and helps them analyze their sales data to improve customer retention.
___
I hope you found this recap helpful. See you next week!
PAUL Editor of Shopifreaks E-Commerce Newsletter
PS: If I missed any big news this week, please share in the comments.
submitted by adventurepaul to ecommerce [link] [comments]
___
STAT OF THE WEEK: Kohl's sales have shrunk by $2.3B since 2019. During that same period of time, the company lost 1.3M customers who no longer shop with the retailer.
___
BigCommerce is exploring a sale after attracting takeover interest, according to sources who chose to remain anonymous due to the confidentiality of the information. The sources said that BigCommerce asked investment bank Qatalyst Partners to solicit interest from potential buyers that include private equity firms, but that the discussions are at an early stage and no deal is certain.
___
Squarespace announced that it will be going private in a $6.9B all-cash deal with private-equity firm Permira, who agreed to pay $44 per share (a roughly 30% premium). Although Squarespace never lost 90% of its share price like BigCommerce, it has experienced a tumultuous time on the market since its IPO in May 2021 — opening around $49.50 and at times trading in the low $20s. Shares rose nearly 13% to $43 in pre-market trading upon release of the news.
___
ByteDance filed a lawsuit in US federal court seeking to block the new law that would force the sale or ban of the app within the country. The lawsuit challenges the law on constitutional grounds, also citing commercial, technical, and legal hurdles, as well as opposition from Beijing. Legal experts say the legal battle will play out in the courts in coming months and likely will reach the Supreme Court.
___
OpenAI unveiled its newest model, GPT-4o, designed to turn ChatGPT into a digital personal assistant that can engage in real-time, spoken conversations and interact with users using text, screenshots, photos, documents, and charts. The new version of ChatGPT also has memory capabilities, which means it can learn from previous conversations. It will be available to both unpaid and premium customers alike. OpenAI also announced that it would be launching a desktop app with the GPT-4o capabilities, giving users another platform to interact with the technology outside of a web browser.
___
Amazon launched in South Africa last week, marking its first marketplace in sub-Saharan Africa, and bringing its total number of marketplaces worldwide to 22. To launch the new marketplace, Amazon is offering free delivery on first orders and on subsequent orders above R500 (about $27), access to 3,000 pick-up points, status updates via WhatsApp to track orders, 30 day refunds, and 24/7 customer support. The marketplace was supposed to launch in the country in 2023, but got delayed due to changes in priorities within Amazon.
___
In an unlikely partnership, Instacart is partnering with Uber Eats to expand into the restaurant delivery business. Instacart will add a new tab for restaurant delivery to its app in the coming weeks, the listings will be provided by Uber, and the food will be picked up and delivered by Uber Eats drivers. Customers will receive the same prices on both apps and Instacart will receive an affiliate commission on orders. It's a strange partnership though given that Instacart and Uber Eats actively compete on grocery delivery. Are they planning to merge? Uber says no.
___
Apple's advertisement for its latest iPad Pro sparked criticism for showing an animation of musical instruments, paint cans, cameras, record players, and other symbols of creativity being crushed by a giant machine, with the output being the new iPad Pro, which the company says is the thinnest Apple product ever. In this context, “crushing” was supposed to symbolize “consolidating” and “compacting” — with the visuals meant to showcase how the new iPad Pro puts the power of all these tools into the hands of creators in one thin device. However online commenters criticized the ad as insensitive and as symbolizing a “destruction of the human experience.” The ad hit the web on Tuesday, and by Thursday, Apple issued a mea culpa and apologized for the campaign.
___
Google is encouraging merchants to enable conversion annotations on their Google Shopping ads, which offer social proof that highlight a product's popularity. Conversion annotations like “best selling” or “3K shopped here recently” would provide visual cues about a product’s popularity or sales performance directly in the ad unit. Annotations like these are par for the course with e-commerce retailers including Amazon, Walmart, and Temu, which all employ similar tactics. They can provide valuable info for shoppers and also help with conversions. However they also open data privacy concerns, given that Google is not the actual retailer or marketplace selling the items, so a merchant would have to share this purchase history data from their e-commerce platform with Google — which technically most already do by giving access to GA4.
___
Shein is attempting to join the National Retail Federation as it pursues regulatory approval to go public in the US. The company believes that NRF membership would boost its chances of receiving SEC approval. However so far, Shein has been rejected numerous times. An anonymous source familiar with the matter said someone with heavy influence at the NRF is strongly against the Shein's admittance. However board members who spoke to CNBC said that Shein's membership application hadn't come up in meetings, and that they aren't involved in deciding which companies are granted access.
___
Amazon is leading the way with selling home goods, capturing 18.8% of consumer home furnishings spending, compared to Walmart's 7.3% market share. Notably, Amazon’s gains in the furniture category come in spite of the company’s decision to phase out two of its three furniture brands last year.
___
Stanley, which is projected to do $750M in sales this year, up from $73M in 2019, after seeing its water bottles become a status symbol thanks to TikTok, is now expanding into trendier accessories. The company is launching a line of bags called the All-Day Collection which include a mini cooler, backpack cooler, and Quencher Carry-All, designed for someone to sling their Stanley over their hip.
___
Jack Dorsey left the Bluesky board and deleted his account on the service he helped kickstart, claiming that Bluesky was “literally repeating all the mistakes” he made while running Twitter. Dorsey says he never intended Bluesky to be an independent company, but rather, an open source protocol that Twitter was supposed to be the first client of. He also confirmed that he is financially backing Nostr, another decentralized Twitter-like service popular among crypto enthusiasts and run by an anonymous founder.
___
Amazon is deploying 50 electric trucks in California, which it claims is the largest EV fleet in the country, as part of its mission to eliminate pollution from its global operations. The trucks will be integrated into first-mile operations, moving goods from container ships at the ports to fulfillment centers, as well as middle-mile operations, transporting packages from fulfillment centers to delivery centers.
___
Wix launched a new tool called AI Portfolio Creator, which allows a user to upload and organize large-scale image collections, select the type of portfolio they want, and then have the AI tool sort and generate a portfolio with clustered images, recommended titles and descriptions, and personalized layout options.
___
Amazon is now requiring all dietary supplements to be verified by a third-party testing, inspection, and certification organization — which is something that not even the FDA requires. Amazon is the largest supplement retailer in the US ahead of Walmart and Target, and its new requirements are expected to put more pressure on the industry, which is being scrutinized more than ever.
___
Alibaba is revamping its flagship retail website Taobao for the first time in seven years with a focus on providing a smoother search and buying process. The website overhaul comes ahead of the 618 sales event, China's second-largest annual shopping event. A few weeks ago I reported that Eddie Wu, the CEO of Alibaba Group, would now be directly overseeing its domestic e-commerce arm which includes Taobao and Tmall Group, and it sounds like he's hitting the ground running with his new responsibilities.
___
Amazon is hosting its first-ever Amazon Book Sale, a new shopping event starting on May 15th that offers up to 50% off print best sellers and up to 80% off Kindle Books. The six day shopping event will exclusively run in the US, and Prime-membership is not required to take advantage of the deals.
___
FTX reported that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded. The company owes about $11.2B to its customers and estimates that it has between $14.5B and $16.3B to distribute to them. The caveat is that customers will receive the USD value of their holdings at the time of the exchange collapse, and not the actual crypto holdings themselves, which means that they'll miss out on all gains during the past two years during which BTC went from around $16k to now over $60k. Better than nothing though, that's for sure.
___
800,000 consumers in Europe and the US were duped into sharing card details and other sensitive personal data with a network of fake online designer shops operated from China, which comprised one of the largest scams of its kind with 76,000 fake websites created. The scammers used expired domains to host its fake shops in order to help avoid detection by websites or brand owners, and more than 1M orders were processed in the past three years alone.
___
Beyond Inc, which owns Bed Bath & Beyond, Overstock, and Zulily, reported that its Q1 net loss swelled to $72M from $10M a year ago, while its operating loss widened to $58M from $8M. The company's active customers grew to 6M, up 26% from nearly 5M a year ago, however, its average order value dropped to $173 from $220 a year earlier.
___
TikTok will begin automatically labeling AI generated content when it is uploaded from certain platforms like DALL.E 3, Adobe Firefly, Photoshop, and Microsoft Copilot. TikTok will also start attaching Content Credentials to content, which will remain on the media when downloaded, allowing other platforms to read the metadata.
___
eBay is testing an Add To Cart button in search results that opens a Quick View window, allowing buyers to skip the listing page. Technically the button should probably not be labeled “Add To Cart” since it doesn't perform that action, but rather, displays a quick view window with three buttons: Buy It Now, Add To Cart, View All Details. Sellers are worried that buyers will miss crucial details in the product description that may lead to increased returns and negative feedback.
___
Amazon is planning to launch its fleet of drones in Tolleson, Arizona, but the city's extreme temperature is hampering its efforts. Drones can't operate in temperatures exceeding 104 degrees Fahrenheit, a temperature that Tolleson crosses for a full three months of the year.
___
A US district judge dismissed X's lawsuit against Bright Data, a data-scraping company accused of improperly accessing X system and violating X terms and state laws when scraping and selling data. The judge basically said that if X owned the data, it could perhaps argue that it has exclusive rights to control it, but then X wouldn't be able to enjoy the safe harbor of Section 230, which allows the platform to avoid liability for third-party content. Can't have it both ways!
___
Nintendo is discontinuing its X integration for the switch on June 10th, which means users will no longer be able to post screenshots or videos to the platform from their device. The drop in support also affects games like Super Smash Bros. Ultimate, which had game-specific options to send out tweets. Microsoft Xbox dropped support for X in April 2023 and Sony Playstation dropped the service in October 2023 due to the increase in X's API access fees.
___
Amazon claimed that its recordable incident rate — a metric that comprises all injuries requiring “more than basic first-aid treatment” — at its US warehouses has improved by 24% since 2019. However the National Employment Law Project challenged Amazon's injury data in a report last week, claiming that Amazon's overall injury rate in 2023 was 71% higher than that of other employers in the sector at 6.5 cases per 100 workers.
___
Amazon Ads announced three new advertising formats for streaming TV including shoppable carousel ads, interactive pause ads, and interactive trivia ads. Amazon did not say when the new ad types would officially launch, but noted that it will formally present them at a presentation on May 14th.
___
Meta is rolling out an expanded set of generative AI ad tools that can create full image variations with text overlays, expand images to fit across different aspect ratios, and generate alternate versions of headlines and other ad text. The features will become available globally to advertisers by the end of the year.
___
Square introduced a tool called Square Kiosk to allow self-service ordering at fast food restaurants. The device is a combined software, hardware, and payment solution that allows customers to select exactly what they want with customization options, upgrades, and add-ons.
___
The European Parliament announced new measures to make packaging more sustainable and reduce packaging waste in the EU, including reduction targets of 15% by 2040 — which sounds far away but is only 16 years away?! As part of the new rules, the EU will set maximum empty space ratios for e-commerce transportation, ban certain single-use plastic packaging types, and beverage distributors and take-away food will have to offer consumers the option of bringing their own container.
___
Indians who pre-ordered Teslas in 2016 are giving up and seeking refunds of their deposits after Elon Musk canceled another visit to the country last month. Disillusioned Tesla enthusiasts in India say they will now buy a car from the company only if they see it in a showroom, or they'll buy a different electrical vehicle from a company that actually exists in the country.
___
Target is limiting its Pride Month collection to select stores this year instead of rolling out the merchandise nationwide like it typically has for the past decade, due to backlash the retailer experienced last year. Last May customers in certain stores knocked down LGBTQ+ merchandise displays, angrily approached store employees, and posted threatening videos on social media from inside the stores.
___
E-commerce spending from Jan 1 to April 30, 2024 rose 7% YoY to $331.6B, according to Adobe Analytics. One trend Adobe identified during the period is a shift of online spending to purchasing the cheapest goods across personal care, electronics, apparel, home & garden, furniture, and grocery.
___
Plus 7 seed rounds, IPOs, and acquisitions of interest, including Shopify's acquisition of Peel, a tool that integrates with a merchant's tech stack including Klaviyo and Recharge and helps them analyze their sales data to improve customer retention.
___
I hope you found this recap helpful. See you next week!
PAUL Editor of Shopifreaks E-Commerce Newsletter
PS: If I missed any big news this week, please share in the comments.
2024.05.13 22:46 adventurepaul What's new in e-commerce? 🔥 Week of May 13th, 2024
Hi - I'm Paul and I follow the e-commerce industry closely for my Shopifreaks E-commerce Newsletter. Each week I post a summary recap of the week's top stories, which I cover in depth in the newsletter. Let's dive in...
___
STAT OF THE WEEK: Kohl's sales have shrunk by $2.3B since 2019. During that same period of time, the company lost 1.3M customers who no longer shop with the retailer.
___
BigCommerce is exploring a sale after attracting takeover interest, according to sources who chose to remain anonymous due to the confidentiality of the information. The sources said that BigCommerce asked investment bank Qatalyst Partners to solicit interest from potential buyers that include private equity firms, but that the discussions are at an early stage and no deal is certain.
___
Squarespace announced that it will be going private in a $6.9B all-cash deal with private-equity firm Permira, who agreed to pay $44 per share (a roughly 30% premium). Although Squarespace never lost 90% of its share price like BigCommerce, it has experienced a tumultuous time on the market since its IPO in May 2021 — opening around $49.50 and at times trading in the low $20s. Shares rose nearly 13% to $43 in pre-market trading upon release of the news.
___
ByteDance filed a lawsuit in US federal court seeking to block the new law that would force the sale or ban of the app within the country. The lawsuit challenges the law on constitutional grounds, also citing commercial, technical, and legal hurdles, as well as opposition from Beijing. Legal experts say the legal battle will play out in the courts in coming months and likely will reach the Supreme Court.
___
OpenAI unveiled its newest model, GPT-4o, designed to turn ChatGPT into a digital personal assistant that can engage in real-time, spoken conversations and interact with users using text, screenshots, photos, documents, and charts. The new version of ChatGPT also has memory capabilities, which means it can learn from previous conversations. It will be available to both unpaid and premium customers alike. OpenAI also announced that it would be launching a desktop app with the GPT-4o capabilities, giving users another platform to interact with the technology outside of a web browser.
___
Amazon launched in South Africa last week, marking its first marketplace in sub-Saharan Africa, and bringing its total number of marketplaces worldwide to 22. To launch the new marketplace, Amazon is offering free delivery on first orders and on subsequent orders above R500 (about $27), access to 3,000 pick-up points, status updates via WhatsApp to track orders, 30 day refunds, and 24/7 customer support. The marketplace was supposed to launch in the country in 2023, but got delayed due to changes in priorities within Amazon.
___
In an unlikely partnership, Instacart is partnering with Uber Eats to expand into the restaurant delivery business. Instacart will add a new tab for restaurant delivery to its app in the coming weeks, the listings will be provided by Uber, and the food will be picked up and delivered by Uber Eats drivers. Customers will receive the same prices on both apps and Instacart will receive an affiliate commission on orders. It's a strange partnership though given that Instacart and Uber Eats actively compete on grocery delivery. Are they planning to merge? Uber says no.
___
Apple's advertisement for its latest iPad Pro sparked criticism for showing an animation of musical instruments, paint cans, cameras, record players, and other symbols of creativity being crushed by a giant machine, with the output being the new iPad Pro, which the company says is the thinnest Apple product ever. In this context, “crushing” was supposed to symbolize “consolidating” and “compacting” — with the visuals meant to showcase how the new iPad Pro puts the power of all these tools into the hands of creators in one thin device. However online commenters criticized the ad as insensitive and as symbolizing a “destruction of the human experience.” The ad hit the web on Tuesday, and by Thursday, Apple issued a mea culpa and apologized for the campaign.
___
Google is encouraging merchants to enable conversion annotations on their Google Shopping ads, which offer social proof that highlight a product's popularity. Conversion annotations like “best selling” or “3K shopped here recently” would provide visual cues about a product’s popularity or sales performance directly in the ad unit. Annotations like these are par for the course with e-commerce retailers including Amazon, Walmart, and Temu, which all employ similar tactics. They can provide valuable info for shoppers and also help with conversions. However they also open data privacy concerns, given that Google is not the actual retailer or marketplace selling the items, so a merchant would have to share this purchase history data from their e-commerce platform with Google — which technically most already do by giving access to GA4.
___
Shein is attempting to join the National Retail Federation as it pursues regulatory approval to go public in the US. The company believes that NRF membership would boost its chances of receiving SEC approval. However so far, Shein has been rejected numerous times. An anonymous source familiar with the matter said someone with heavy influence at the NRF is strongly against the Shein's admittance. However board members who spoke to CNBC said that Shein's membership application hadn't come up in meetings, and that they aren't involved in deciding which companies are granted access.
___
Amazon is leading the way with selling home goods, capturing 18.8% of consumer home furnishings spending, compared to Walmart's 7.3% market share. Notably, Amazon’s gains in the furniture category come in spite of the company’s decision to phase out two of its three furniture brands last year.
___
Stanley, which is projected to do $750M in sales this year, up from $73M in 2019, after seeing its water bottles become a status symbol thanks to TikTok, is now expanding into trendier accessories. The company is launching a line of bags called the All-Day Collection which include a mini cooler, backpack cooler, and Quencher Carry-All, designed for someone to sling their Stanley over their hip.
___
Jack Dorsey left the Bluesky board and deleted his account on the service he helped kickstart, claiming that Bluesky was “literally repeating all the mistakes” he made while running Twitter. Dorsey says he never intended Bluesky to be an independent company, but rather, an open source protocol that Twitter was supposed to be the first client of. He also confirmed that he is financially backing Nostr, another decentralized Twitter-like service popular among crypto enthusiasts and run by an anonymous founder.
___
Amazon is deploying 50 electric trucks in California, which it claims is the largest EV fleet in the country, as part of its mission to eliminate pollution from its global operations. The trucks will be integrated into first-mile operations, moving goods from container ships at the ports to fulfillment centers, as well as middle-mile operations, transporting packages from fulfillment centers to delivery centers.
___
Wix launched a new tool called AI Portfolio Creator, which allows a user to upload and organize large-scale image collections, select the type of portfolio they want, and then have the AI tool sort and generate a portfolio with clustered images, recommended titles and descriptions, and personalized layout options.
___
Amazon is now requiring all dietary supplements to be verified by a third-party testing, inspection, and certification organization — which is something that not even the FDA requires. Amazon is the largest supplement retailer in the US ahead of Walmart and Target, and its new requirements are expected to put more pressure on the industry, which is being scrutinized more than ever.
___
Alibaba is revamping its flagship retail website Taobao for the first time in seven years with a focus on providing a smoother search and buying process. The website overhaul comes ahead of the 618 sales event, China's second-largest annual shopping event. A few weeks ago I reported that Eddie Wu, the CEO of Alibaba Group, would now be directly overseeing its domestic e-commerce arm which includes Taobao and Tmall Group, and it sounds like he's hitting the ground running with his new responsibilities.
___
Amazon is hosting its first-ever Amazon Book Sale, a new shopping event starting on May 15th that offers up to 50% off print best sellers and up to 80% off Kindle Books. The six day shopping event will exclusively run in the US, and Prime-membership is not required to take advantage of the deals.
___
FTX reported that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded. The company owes about $11.2B to its customers and estimates that it has between $14.5B and $16.3B to distribute to them. The caveat is that customers will receive the USD value of their holdings at the time of the exchange collapse, and not the actual crypto holdings themselves, which means that they'll miss out on all gains during the past two years during which BTC went from around $16k to now over $60k. Better than nothing though, that's for sure.
___
800,000 consumers in Europe and the US were duped into sharing card details and other sensitive personal data with a network of fake online designer shops operated from China, which comprised one of the largest scams of its kind with 76,000 fake websites created. The scammers used expired domains to host its fake shops in order to help avoid detection by websites or brand owners, and more than 1M orders were processed in the past three years alone.
___
Beyond Inc, which owns Bed Bath & Beyond, Overstock, and Zulily, reported that its Q1 net loss swelled to $72M from $10M a year ago, while its operating loss widened to $58M from $8M. The company's active customers grew to 6M, up 26% from nearly 5M a year ago, however, its average order value dropped to $173 from $220 a year earlier.
___
TikTok will begin automatically labeling AI generated content when it is uploaded from certain platforms like DALL.E 3, Adobe Firefly, Photoshop, and Microsoft Copilot. TikTok will also start attaching Content Credentials to content, which will remain on the media when downloaded, allowing other platforms to read the metadata.
___
eBay is testing an Add To Cart button in search results that opens a Quick View window, allowing buyers to skip the listing page. Technically the button should probably not be labeled “Add To Cart” since it doesn't perform that action, but rather, displays a quick view window with three buttons: Buy It Now, Add To Cart, View All Details. Sellers are worried that buyers will miss crucial details in the product description that may lead to increased returns and negative feedback.
___
Amazon is planning to launch its fleet of drones in Tolleson, Arizona, but the city's extreme temperature is hampering its efforts. Drones can't operate in temperatures exceeding 104 degrees Fahrenheit, a temperature that Tolleson crosses for a full three months of the year.
___
A US district judge dismissed X's lawsuit against Bright Data, a data-scraping company accused of improperly accessing X system and violating X terms and state laws when scraping and selling data. The judge basically said that if X owned the data, it could perhaps argue that it has exclusive rights to control it, but then X wouldn't be able to enjoy the safe harbor of Section 230, which allows the platform to avoid liability for third-party content. Can't have it both ways!
___
Nintendo is discontinuing its X integration for the switch on June 10th, which means users will no longer be able to post screenshots or videos to the platform from their device. The drop in support also affects games like Super Smash Bros. Ultimate, which had game-specific options to send out tweets. Microsoft Xbox dropped support for X in April 2023 and Sony Playstation dropped the service in October 2023 due to the increase in X's API access fees.
___
Amazon claimed that its recordable incident rate — a metric that comprises all injuries requiring “more than basic first-aid treatment” — at its US warehouses has improved by 24% since 2019. However the National Employment Law Project challenged Amazon's injury data in a report last week, claiming that Amazon's overall injury rate in 2023 was 71% higher than that of other employers in the sector at 6.5 cases per 100 workers.
___
Amazon Ads announced three new advertising formats for streaming TV including shoppable carousel ads, interactive pause ads, and interactive trivia ads. Amazon did not say when the new ad types would officially launch, but noted that it will formally present them at a presentation on May 14th.
___
Meta is rolling out an expanded set of generative AI ad tools that can create full image variations with text overlays, expand images to fit across different aspect ratios, and generate alternate versions of headlines and other ad text. The features will become available globally to advertisers by the end of the year.
___
Square introduced a tool called Square Kiosk to allow self-service ordering at fast food restaurants. The device is a combined software, hardware, and payment solution that allows customers to select exactly what they want with customization options, upgrades, and add-ons.
___
The European Parliament announced new measures to make packaging more sustainable and reduce packaging waste in the EU, including reduction targets of 15% by 2040 — which sounds far away but is only 16 years away?! As part of the new rules, the EU will set maximum empty space ratios for e-commerce transportation, ban certain single-use plastic packaging types, and beverage distributors and take-away food will have to offer consumers the option of bringing their own container.
___
Indians who pre-ordered Teslas in 2016 are giving up and seeking refunds of their deposits after Elon Musk canceled another visit to the country last month. Disillusioned Tesla enthusiasts in India say they will now buy a car from the company only if they see it in a showroom, or they'll buy a different electrical vehicle from a company that actually exists in the country.
___
Target is limiting its Pride Month collection to select stores this year instead of rolling out the merchandise nationwide like it typically has for the past decade, due to backlash the retailer experienced last year. Last May customers in certain stores knocked down LGBTQ+ merchandise displays, angrily approached store employees, and posted threatening videos on social media from inside the stores.
___
E-commerce spending from Jan 1 to April 30, 2024 rose 7% YoY to $331.6B, according to Adobe Analytics. One trend Adobe identified during the period is a shift of online spending to purchasing the cheapest goods across personal care, electronics, apparel, home & garden, furniture, and grocery.
___
Plus 7 seed rounds, IPOs, and acquisitions of interest, including Shopify's acquisition of Peel, a tool that integrates with a merchant's tech stack including Klaviyo and Recharge and helps them analyze their sales data to improve customer retention.
___
I hope you found this recap helpful. See you next week!
For more details on each story and sources, see the full edition: https://www.shopifreaks.com/bigcommerce-for-sale-openai-gpt-4o-instacarts-unlikely-partnership/
What else is new in e-commerce? Share stories of interesting in the comments below (including in your own business) or on shopifreaks.
-PAUL Editor of Shopifreaks E-commerce Newsletter
PS: Want the full editions delivered to your Inbox each week? Join free at www.shopifreaks.com
submitted by adventurepaul to ShopifyeCommerce [link] [comments]
___
STAT OF THE WEEK: Kohl's sales have shrunk by $2.3B since 2019. During that same period of time, the company lost 1.3M customers who no longer shop with the retailer.
___
BigCommerce is exploring a sale after attracting takeover interest, according to sources who chose to remain anonymous due to the confidentiality of the information. The sources said that BigCommerce asked investment bank Qatalyst Partners to solicit interest from potential buyers that include private equity firms, but that the discussions are at an early stage and no deal is certain.
___
Squarespace announced that it will be going private in a $6.9B all-cash deal with private-equity firm Permira, who agreed to pay $44 per share (a roughly 30% premium). Although Squarespace never lost 90% of its share price like BigCommerce, it has experienced a tumultuous time on the market since its IPO in May 2021 — opening around $49.50 and at times trading in the low $20s. Shares rose nearly 13% to $43 in pre-market trading upon release of the news.
___
ByteDance filed a lawsuit in US federal court seeking to block the new law that would force the sale or ban of the app within the country. The lawsuit challenges the law on constitutional grounds, also citing commercial, technical, and legal hurdles, as well as opposition from Beijing. Legal experts say the legal battle will play out in the courts in coming months and likely will reach the Supreme Court.
___
OpenAI unveiled its newest model, GPT-4o, designed to turn ChatGPT into a digital personal assistant that can engage in real-time, spoken conversations and interact with users using text, screenshots, photos, documents, and charts. The new version of ChatGPT also has memory capabilities, which means it can learn from previous conversations. It will be available to both unpaid and premium customers alike. OpenAI also announced that it would be launching a desktop app with the GPT-4o capabilities, giving users another platform to interact with the technology outside of a web browser.
___
Amazon launched in South Africa last week, marking its first marketplace in sub-Saharan Africa, and bringing its total number of marketplaces worldwide to 22. To launch the new marketplace, Amazon is offering free delivery on first orders and on subsequent orders above R500 (about $27), access to 3,000 pick-up points, status updates via WhatsApp to track orders, 30 day refunds, and 24/7 customer support. The marketplace was supposed to launch in the country in 2023, but got delayed due to changes in priorities within Amazon.
___
In an unlikely partnership, Instacart is partnering with Uber Eats to expand into the restaurant delivery business. Instacart will add a new tab for restaurant delivery to its app in the coming weeks, the listings will be provided by Uber, and the food will be picked up and delivered by Uber Eats drivers. Customers will receive the same prices on both apps and Instacart will receive an affiliate commission on orders. It's a strange partnership though given that Instacart and Uber Eats actively compete on grocery delivery. Are they planning to merge? Uber says no.
___
Apple's advertisement for its latest iPad Pro sparked criticism for showing an animation of musical instruments, paint cans, cameras, record players, and other symbols of creativity being crushed by a giant machine, with the output being the new iPad Pro, which the company says is the thinnest Apple product ever. In this context, “crushing” was supposed to symbolize “consolidating” and “compacting” — with the visuals meant to showcase how the new iPad Pro puts the power of all these tools into the hands of creators in one thin device. However online commenters criticized the ad as insensitive and as symbolizing a “destruction of the human experience.” The ad hit the web on Tuesday, and by Thursday, Apple issued a mea culpa and apologized for the campaign.
___
Google is encouraging merchants to enable conversion annotations on their Google Shopping ads, which offer social proof that highlight a product's popularity. Conversion annotations like “best selling” or “3K shopped here recently” would provide visual cues about a product’s popularity or sales performance directly in the ad unit. Annotations like these are par for the course with e-commerce retailers including Amazon, Walmart, and Temu, which all employ similar tactics. They can provide valuable info for shoppers and also help with conversions. However they also open data privacy concerns, given that Google is not the actual retailer or marketplace selling the items, so a merchant would have to share this purchase history data from their e-commerce platform with Google — which technically most already do by giving access to GA4.
___
Shein is attempting to join the National Retail Federation as it pursues regulatory approval to go public in the US. The company believes that NRF membership would boost its chances of receiving SEC approval. However so far, Shein has been rejected numerous times. An anonymous source familiar with the matter said someone with heavy influence at the NRF is strongly against the Shein's admittance. However board members who spoke to CNBC said that Shein's membership application hadn't come up in meetings, and that they aren't involved in deciding which companies are granted access.
___
Amazon is leading the way with selling home goods, capturing 18.8% of consumer home furnishings spending, compared to Walmart's 7.3% market share. Notably, Amazon’s gains in the furniture category come in spite of the company’s decision to phase out two of its three furniture brands last year.
___
Stanley, which is projected to do $750M in sales this year, up from $73M in 2019, after seeing its water bottles become a status symbol thanks to TikTok, is now expanding into trendier accessories. The company is launching a line of bags called the All-Day Collection which include a mini cooler, backpack cooler, and Quencher Carry-All, designed for someone to sling their Stanley over their hip.
___
Jack Dorsey left the Bluesky board and deleted his account on the service he helped kickstart, claiming that Bluesky was “literally repeating all the mistakes” he made while running Twitter. Dorsey says he never intended Bluesky to be an independent company, but rather, an open source protocol that Twitter was supposed to be the first client of. He also confirmed that he is financially backing Nostr, another decentralized Twitter-like service popular among crypto enthusiasts and run by an anonymous founder.
___
Amazon is deploying 50 electric trucks in California, which it claims is the largest EV fleet in the country, as part of its mission to eliminate pollution from its global operations. The trucks will be integrated into first-mile operations, moving goods from container ships at the ports to fulfillment centers, as well as middle-mile operations, transporting packages from fulfillment centers to delivery centers.
___
Wix launched a new tool called AI Portfolio Creator, which allows a user to upload and organize large-scale image collections, select the type of portfolio they want, and then have the AI tool sort and generate a portfolio with clustered images, recommended titles and descriptions, and personalized layout options.
___
Amazon is now requiring all dietary supplements to be verified by a third-party testing, inspection, and certification organization — which is something that not even the FDA requires. Amazon is the largest supplement retailer in the US ahead of Walmart and Target, and its new requirements are expected to put more pressure on the industry, which is being scrutinized more than ever.
___
Alibaba is revamping its flagship retail website Taobao for the first time in seven years with a focus on providing a smoother search and buying process. The website overhaul comes ahead of the 618 sales event, China's second-largest annual shopping event. A few weeks ago I reported that Eddie Wu, the CEO of Alibaba Group, would now be directly overseeing its domestic e-commerce arm which includes Taobao and Tmall Group, and it sounds like he's hitting the ground running with his new responsibilities.
___
Amazon is hosting its first-ever Amazon Book Sale, a new shopping event starting on May 15th that offers up to 50% off print best sellers and up to 80% off Kindle Books. The six day shopping event will exclusively run in the US, and Prime-membership is not required to take advantage of the deals.
___
FTX reported that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded. The company owes about $11.2B to its customers and estimates that it has between $14.5B and $16.3B to distribute to them. The caveat is that customers will receive the USD value of their holdings at the time of the exchange collapse, and not the actual crypto holdings themselves, which means that they'll miss out on all gains during the past two years during which BTC went from around $16k to now over $60k. Better than nothing though, that's for sure.
___
800,000 consumers in Europe and the US were duped into sharing card details and other sensitive personal data with a network of fake online designer shops operated from China, which comprised one of the largest scams of its kind with 76,000 fake websites created. The scammers used expired domains to host its fake shops in order to help avoid detection by websites or brand owners, and more than 1M orders were processed in the past three years alone.
___
Beyond Inc, which owns Bed Bath & Beyond, Overstock, and Zulily, reported that its Q1 net loss swelled to $72M from $10M a year ago, while its operating loss widened to $58M from $8M. The company's active customers grew to 6M, up 26% from nearly 5M a year ago, however, its average order value dropped to $173 from $220 a year earlier.
___
TikTok will begin automatically labeling AI generated content when it is uploaded from certain platforms like DALL.E 3, Adobe Firefly, Photoshop, and Microsoft Copilot. TikTok will also start attaching Content Credentials to content, which will remain on the media when downloaded, allowing other platforms to read the metadata.
___
eBay is testing an Add To Cart button in search results that opens a Quick View window, allowing buyers to skip the listing page. Technically the button should probably not be labeled “Add To Cart” since it doesn't perform that action, but rather, displays a quick view window with three buttons: Buy It Now, Add To Cart, View All Details. Sellers are worried that buyers will miss crucial details in the product description that may lead to increased returns and negative feedback.
___
Amazon is planning to launch its fleet of drones in Tolleson, Arizona, but the city's extreme temperature is hampering its efforts. Drones can't operate in temperatures exceeding 104 degrees Fahrenheit, a temperature that Tolleson crosses for a full three months of the year.
___
A US district judge dismissed X's lawsuit against Bright Data, a data-scraping company accused of improperly accessing X system and violating X terms and state laws when scraping and selling data. The judge basically said that if X owned the data, it could perhaps argue that it has exclusive rights to control it, but then X wouldn't be able to enjoy the safe harbor of Section 230, which allows the platform to avoid liability for third-party content. Can't have it both ways!
___
Nintendo is discontinuing its X integration for the switch on June 10th, which means users will no longer be able to post screenshots or videos to the platform from their device. The drop in support also affects games like Super Smash Bros. Ultimate, which had game-specific options to send out tweets. Microsoft Xbox dropped support for X in April 2023 and Sony Playstation dropped the service in October 2023 due to the increase in X's API access fees.
___
Amazon claimed that its recordable incident rate — a metric that comprises all injuries requiring “more than basic first-aid treatment” — at its US warehouses has improved by 24% since 2019. However the National Employment Law Project challenged Amazon's injury data in a report last week, claiming that Amazon's overall injury rate in 2023 was 71% higher than that of other employers in the sector at 6.5 cases per 100 workers.
___
Amazon Ads announced three new advertising formats for streaming TV including shoppable carousel ads, interactive pause ads, and interactive trivia ads. Amazon did not say when the new ad types would officially launch, but noted that it will formally present them at a presentation on May 14th.
___
Meta is rolling out an expanded set of generative AI ad tools that can create full image variations with text overlays, expand images to fit across different aspect ratios, and generate alternate versions of headlines and other ad text. The features will become available globally to advertisers by the end of the year.
___
Square introduced a tool called Square Kiosk to allow self-service ordering at fast food restaurants. The device is a combined software, hardware, and payment solution that allows customers to select exactly what they want with customization options, upgrades, and add-ons.
___
The European Parliament announced new measures to make packaging more sustainable and reduce packaging waste in the EU, including reduction targets of 15% by 2040 — which sounds far away but is only 16 years away?! As part of the new rules, the EU will set maximum empty space ratios for e-commerce transportation, ban certain single-use plastic packaging types, and beverage distributors and take-away food will have to offer consumers the option of bringing their own container.
___
Indians who pre-ordered Teslas in 2016 are giving up and seeking refunds of their deposits after Elon Musk canceled another visit to the country last month. Disillusioned Tesla enthusiasts in India say they will now buy a car from the company only if they see it in a showroom, or they'll buy a different electrical vehicle from a company that actually exists in the country.
___
Target is limiting its Pride Month collection to select stores this year instead of rolling out the merchandise nationwide like it typically has for the past decade, due to backlash the retailer experienced last year. Last May customers in certain stores knocked down LGBTQ+ merchandise displays, angrily approached store employees, and posted threatening videos on social media from inside the stores.
___
E-commerce spending from Jan 1 to April 30, 2024 rose 7% YoY to $331.6B, according to Adobe Analytics. One trend Adobe identified during the period is a shift of online spending to purchasing the cheapest goods across personal care, electronics, apparel, home & garden, furniture, and grocery.
___
Plus 7 seed rounds, IPOs, and acquisitions of interest, including Shopify's acquisition of Peel, a tool that integrates with a merchant's tech stack including Klaviyo and Recharge and helps them analyze their sales data to improve customer retention.
___
I hope you found this recap helpful. See you next week!
For more details on each story and sources, see the full edition: https://www.shopifreaks.com/bigcommerce-for-sale-openai-gpt-4o-instacarts-unlikely-partnership/
What else is new in e-commerce? Share stories of interesting in the comments below (including in your own business) or on shopifreaks.
-PAUL Editor of Shopifreaks E-commerce Newsletter
PS: Want the full editions delivered to your Inbox each week? Join free at www.shopifreaks.com
2024.05.13 10:10 cognitive_courier Is Europe currently experiencing a tech boom?
Microsoft Corporation has revealed plans to allocate €4 billion towards expanding cloud and AI infrastructure in France, marking a significant investment in artificial intelligence technology. The initiative aims to train one million individuals and support 2,500 startups by 2027 within the European nation. This announcement aligns with France's strategic focus on advancing AI, with national funds and local support fostering the growth of startups like Mistral AI and Kyutai. President Emmanuel Macron's "Choose France" summit, designed to attract foreign investment and establish France as a financial center within the EU, serves as the backdrop for Microsoft's commitment. Additionally, Amazon.com Inc. has pledged €1.2 billion towards infrastructure and computing projects, among 56 initiatives unveiled during the event.
Microsoft's substantial investments in France mirror its global strategy of bolstering Azure cloud and AI tools. In addition to the €4 billion allocated for France, earlier investments include €3.2 billion in Germany and $1.5 billion in Abu Dhabi's G42. However, amidst its ambitious spending, Microsoft faces heightened antitrust scrutiny, particularly regarding its cloud business and AI investments, including its significant stake in OpenAI. Despite these challenges, the company continues to forge ahead with its commitment to advancing cloud and AI technologies, cementing its position as a key player in the evolving digital landscape.
The ramifications of Microsoft's €4 billion investment in cloud and AI infrastructure in France are multifaceted. Firstly, it signifies a significant boost to France's technology sector, enhancing its competitiveness in the global digital economy. The investment is poised to create opportunities for local talent development, job creation, and startup growth, aligning with France's ambition to become a leading hub for AI innovation within the EU.
Moreover, Microsoft's commitment underscores the increasing importance of AI and cloud technologies in shaping the future of industries worldwide. By expanding its Azure cloud platform and related AI tools, Microsoft aims to solidify its position as a key player in the rapidly evolving tech landscape. However, the investment also brings attention to potential regulatory and antitrust challenges, highlighting the need for careful scrutiny of the company's market dominance and its impact on competition and innovation.
Overall, Microsoft's investment in France signifies both opportunities and challenges. While it promises to accelerate technological innovation and economic growth, it also prompts discussions around regulatory oversight and the balance of power in the tech industry.
**
Hi all!
I’ve been seeing more and more tech firms popping up in France. For me, this is interesting for a couple of reasons - the regulatory environment the EU operates in is not the friendliest to tech firms amid severe privacy concerns.
However, it is not just large players like Microsoft who are popping up. The article above is one written as part of my newsletter, and I have had the chance to speak to smaller players who are also setting up shop in France.
I live in the UK, where the government is actively trying to encourage tech firms to come, and would be interested to hear if this is just a French phenomenon, or if other countries in Europe are seeing the same?
submitted by cognitive_courier to AskEurope [link] [comments]
Microsoft's substantial investments in France mirror its global strategy of bolstering Azure cloud and AI tools. In addition to the €4 billion allocated for France, earlier investments include €3.2 billion in Germany and $1.5 billion in Abu Dhabi's G42. However, amidst its ambitious spending, Microsoft faces heightened antitrust scrutiny, particularly regarding its cloud business and AI investments, including its significant stake in OpenAI. Despite these challenges, the company continues to forge ahead with its commitment to advancing cloud and AI technologies, cementing its position as a key player in the evolving digital landscape.
The ramifications of Microsoft's €4 billion investment in cloud and AI infrastructure in France are multifaceted. Firstly, it signifies a significant boost to France's technology sector, enhancing its competitiveness in the global digital economy. The investment is poised to create opportunities for local talent development, job creation, and startup growth, aligning with France's ambition to become a leading hub for AI innovation within the EU.
Moreover, Microsoft's commitment underscores the increasing importance of AI and cloud technologies in shaping the future of industries worldwide. By expanding its Azure cloud platform and related AI tools, Microsoft aims to solidify its position as a key player in the rapidly evolving tech landscape. However, the investment also brings attention to potential regulatory and antitrust challenges, highlighting the need for careful scrutiny of the company's market dominance and its impact on competition and innovation.
Overall, Microsoft's investment in France signifies both opportunities and challenges. While it promises to accelerate technological innovation and economic growth, it also prompts discussions around regulatory oversight and the balance of power in the tech industry.
**
Hi all!
I’ve been seeing more and more tech firms popping up in France. For me, this is interesting for a couple of reasons - the regulatory environment the EU operates in is not the friendliest to tech firms amid severe privacy concerns.
However, it is not just large players like Microsoft who are popping up. The article above is one written as part of my newsletter, and I have had the chance to speak to smaller players who are also setting up shop in France.
I live in the UK, where the government is actively trying to encourage tech firms to come, and would be interested to hear if this is just a French phenomenon, or if other countries in Europe are seeing the same?
2024.05.13 09:14 cognitive_courier Is there a tech boom in France?
Microsoft Corporation has revealed plans to allocate €4 billion towards expanding cloud and AI infrastructure in France, marking a significant investment in artificial intelligence technology. The initiative aims to train one million individuals and support 2,500 startups by 2027 within the European nation. This announcement aligns with France's strategic focus on advancing AI, with national funds and local support fostering the growth of startups like Mistral AI and Kyutai. President Emmanuel Macron's "Choose France" summit, designed to attract foreign investment and establish France as a financial center within the EU, serves as the backdrop for Microsoft's commitment. Additionally, Amazon.com Inc. has pledged €1.2 billion towards infrastructure and computing projects, among 56 initiatives unveiled during the event.
Microsoft's substantial investments in France mirror its global strategy of bolstering Azure cloud and AI tools. In addition to the €4 billion allocated for France, earlier investments include €3.2 billion in Germany and $1.5 billion in Abu Dhabi's G42. However, amidst its ambitious spending, Microsoft faces heightened antitrust scrutiny, particularly regarding its cloud business and AI investments, including its significant stake in OpenAI. Despite these challenges, the company continues to forge ahead with its commitment to advancing cloud and AI technologies, cementing its position as a key player in the evolving digital landscape.
The ramifications of Microsoft's €4 billion investment in cloud and AI infrastructure in France are multifaceted. Firstly, it signifies a significant boost to France's technology sector, enhancing its competitiveness in the global digital economy. The investment is poised to create opportunities for local talent development, job creation, and startup growth, aligning with France's ambition to become a leading hub for AI innovation within the EU.
Moreover, Microsoft's commitment underscores the increasing importance of AI and cloud technologies in shaping the future of industries worldwide. By expanding its Azure cloud platform and related AI tools, Microsoft aims to solidify its position as a key player in the rapidly evolving tech landscape. However, the investment also brings attention to potential regulatory and antitrust challenges, highlighting the need for careful scrutiny of the company's market dominance and its impact on competition and innovation.
Overall, Microsoft's investment in France signifies both opportunities and challenges. While it promises to accelerate technological innovation and economic growth, it also prompts discussions around regulatory oversight and the balance of power in the tech industry.
**
Bonjour a tous! J'espère que vous m'excusez d'écrire en anglais.
I’ve been seeing more and more tech firms popping up in France. For me, this is interesting for a couple of reasons - the regulatory environment the EU operates in is not the friendliest to tech firms amid severe privacy concerns.
However, it is not just large players like Microsoft who are popping up. The article above is one written as part of my newsletter, and I have had the chance to speak to smaller players who are also setting up shop in France.
Have you seen a growth in the number of local startups appearing in the tech sector in France? Do you feel there is a local ‘AI’ boom? If so, why do you think this is?
I’m curious to hear locals thoughts and opinions on the matter.
submitted by cognitive_courier to france [link] [comments]
Microsoft's substantial investments in France mirror its global strategy of bolstering Azure cloud and AI tools. In addition to the €4 billion allocated for France, earlier investments include €3.2 billion in Germany and $1.5 billion in Abu Dhabi's G42. However, amidst its ambitious spending, Microsoft faces heightened antitrust scrutiny, particularly regarding its cloud business and AI investments, including its significant stake in OpenAI. Despite these challenges, the company continues to forge ahead with its commitment to advancing cloud and AI technologies, cementing its position as a key player in the evolving digital landscape.
The ramifications of Microsoft's €4 billion investment in cloud and AI infrastructure in France are multifaceted. Firstly, it signifies a significant boost to France's technology sector, enhancing its competitiveness in the global digital economy. The investment is poised to create opportunities for local talent development, job creation, and startup growth, aligning with France's ambition to become a leading hub for AI innovation within the EU.
Moreover, Microsoft's commitment underscores the increasing importance of AI and cloud technologies in shaping the future of industries worldwide. By expanding its Azure cloud platform and related AI tools, Microsoft aims to solidify its position as a key player in the rapidly evolving tech landscape. However, the investment also brings attention to potential regulatory and antitrust challenges, highlighting the need for careful scrutiny of the company's market dominance and its impact on competition and innovation.
Overall, Microsoft's investment in France signifies both opportunities and challenges. While it promises to accelerate technological innovation and economic growth, it also prompts discussions around regulatory oversight and the balance of power in the tech industry.
**
Bonjour a tous! J'espère que vous m'excusez d'écrire en anglais.
I’ve been seeing more and more tech firms popping up in France. For me, this is interesting for a couple of reasons - the regulatory environment the EU operates in is not the friendliest to tech firms amid severe privacy concerns.
However, it is not just large players like Microsoft who are popping up. The article above is one written as part of my newsletter, and I have had the chance to speak to smaller players who are also setting up shop in France.
Have you seen a growth in the number of local startups appearing in the tech sector in France? Do you feel there is a local ‘AI’ boom? If so, why do you think this is?
I’m curious to hear locals thoughts and opinions on the matter.
2024.05.12 09:57 Ok-Pen-5503 what does this mean?
so i got a random email from "microsoft.start@email2.microsoft.com" and it says
"Welcome to the Microsoft Start Daily newsletter This is exciting. You are about to start receiving top stories from the world's best journalists and publications, delivered right to your inbox. You can personalize your newsletters to get even more of the content you care about. Microsoft Start Header Here are some helpful tips to maximize your Start Daily experience: Move the newsletter to your primary inbox so you don't miss out! Download the Start App and read newsletters on your phone. Customize your newsletter feed to see more of the topics and publishers you enjoy most. Bookmark your feed and use it every day! The more you use it, the better it gets. Update your subscriptions."
what does this mean? is it a virus?
submitted by Ok-Pen-5503 to microsoft [link] [comments]
"Welcome to the Microsoft Start Daily newsletter This is exciting. You are about to start receiving top stories from the world's best journalists and publications, delivered right to your inbox. You can personalize your newsletters to get even more of the content you care about. Microsoft Start Header Here are some helpful tips to maximize your Start Daily experience: Move the newsletter to your primary inbox so you don't miss out! Download the Start App and read newsletters on your phone. Customize your newsletter feed to see more of the topics and publishers you enjoy most. Bookmark your feed and use it every day! The more you use it, the better it gets. Update your subscriptions."
what does this mean? is it a virus?
2024.05.11 15:52 tempmailgenerator Resolving CSS Issues in Outlook Email Templates
Overcoming CSS Compatibility Challenges in Outlook
Designing email templates that render consistently across various email clients can be a daunting task for developers and marketers alike. The complexity arises primarily due to the different ways email clients interpret HTML and CSS. Among these, Microsoft Outlook is notorious for its unique rendering engine, which often leads to unexpected and frustrating discrepancies between the email design and its appearance in Outlook. Understanding these challenges is the first step towards creating more robust and universally compatible email templates. This necessitates a deep dive into the intricacies of CSS support across Outlook versions, as well as the adoption of specific coding practices tailored to mitigate these issues.Moreover, the problem is compounded by the fact that Outlook uses Word's HTML rendering engine, which is less forgiving and less standard-compliant than web browsers. This can result in common CSS properties and HTML elements not displaying as intended, leading to broken layouts and impaired user experiences. To navigate this landscape, developers must leverage conditional CSS, use inline styles, and sometimes resort to table-based layouts to ensure compatibility. The goal is to craft emails that not only look good in Outlook but also maintain their integrity across all major email clients, ensuring a consistent and engaging experience for every recipient.
| Command | Description |
|---|---|
| Inline CSS | Using CSS directly within HTML tags to ensure styles are applied in Outlook. |
| Conditional Comments | Outlook-specific HTML comments that allow inclusion of CSS for Outlook only. |
| Table Layout | Using table-based layouts instead of divs for better compatibility with Outlook. |
Strategies for Outlook Email Compatibility
Creating HTML emails that render effectively in Microsoft Outlook requires a nuanced approach due to its unique rendering engine. Unlike most email clients that use web-based rendering engines, Outlook relies on the Word rendering engine. This fundamental difference means that many modern web standards and CSS properties that work seamlessly in browsers and other email clients might not work as expected in Outlook. For instance, CSS styles like flexbox and grid, which are staples for responsive web design, are not supported in Outlook. This limitation necessitates a shift towards more traditional and robust layout strategies, such as table-based layouts, to ensure consistency across all viewing platforms.Furthermore, to address Outlook's idiosyncrasies, developers often resort to conditional comments. These Outlook-specific conditional comments can be used to target styles or even entire sections of the email exclusively to Outlook users. This allows for the inclusion of fallback styles or alternative layouts that better align with Outlook's rendering capabilities. Additionally, inline CSS is crucial for email compatibility across all clients, including Outlook. By placing styles directly within HTML tags, developers can circumvent many of the limitations imposed by email clients' CSS parsing. Careful attention to these practices, along with rigorous testing across various versions of Outlook, is essential for achieving the best possible user experience in email campaigns.
Ensuring CSS Compatibility in Outlook
HTML with inline CSS Welcome to Our Newsletter |
Using Conditional Comments for Outlook
HTML with Outlook conditional comments[if mso]> This text is styled specifically for Outlook.
Strategies for Optimizing Email Templates for Outlook
Creating email templates that perform well in Outlook involves understanding both the limitations and capabilities of this platform. Microsoft Outlook, unlike most email clients, uses the Word rendering engine to display HTML emails. This fundamental difference means that many modern CSS properties, particularly those related to layout and animation, do not work as expected. Developers must therefore adopt a more conservative approach to email design, focusing on compatibility and reliability. Utilizing table layouts for structuring content is a key strategy, as tables are consistently rendered across all versions of Outlook. This approach, while seemingly outdated, ensures that your email's layout remains intact, providing a uniform experience for recipients regardless of their email client.Another important consideration is the use of inline CSS. While external stylesheets are a staple of web development, they pose significant challenges in the email world, especially in Outlook. Inline styles are more likely to be supported and render consistently across email clients, including Outlook. For advanced styling that cannot be achieved with inline CSS alone, conditional comments targeted specifically at Outlook can be used to include CSS or even entire sections of HTML that will only be displayed to Outlook users. This allows for the creation of emails that look great in Outlook without compromising their appearance in other email clients. Adhering to these practices not only improves the visual consistency of emails but also enhances their accessibility and readability across diverse platforms.
Email Template Compatibility FAQs
- Question: Why do emails look different in Outlook compared to other email clients?
- Answer: Outlook uses the Word rendering engine, which has limited support for modern CSS properties and layouts, leading to discrepancies in email appearance.
- Question: How can I ensure my email looks good in Outlook?
- Answer: Use table-based layouts, inline CSS, and Outlook conditional comments to ensure compatibility and consistency.
- Question: Are external stylesheets supported in Outlook?
- Answer: Outlook has limited support for external stylesheets, making inline styles a more reliable option for styling emails.
- Question: Can I use web fonts in my Outlook email templates?
- Answer: Outlook has limited support for web fonts, so it's safer to use system fonts for broader compatibility.
- Question: How do conditional comments work for Outlook?
- Answer: Conditional comments allow you to target specific versions of Outlook with CSS or HTML that will only be rendered by those versions.
- Question: Is responsive design possible in Outlook email templates?
- Answer: Yes, but it requires careful planning and the use of inline styles and table-based layouts to achieve the best results.
- Question: What are some common issues when designing emails for Outlook?
- Answer: Common issues include broken layouts, unsupported CSS styles, and images not displaying as intended.
- Question: How can I test my email's appearance in Outlook?
- Answer: Use email testing tools like Litmus or Email on Acid to preview and debug your email in various versions of Outlook.
- Question: Can I use animations or interactive elements in Outlook emails?
- Answer: Outlook has limited support for animations and interactive elements, so these should be used sparingly and tested thoroughly.
Wrapping Up Email Template Design for Outlook
Designing email templates for Outlook demands a nuanced approach that respects its distinct rendering engine. By embracing table-based layouts, inline CSS, and conditional comments, developers can navigate the challenges posed by Outlook's Word-based renderer. This approach ensures that emails not only look good but also function well across the diverse landscape of email clients. It highlights the importance of adaptability in email design, where understanding and leveraging the peculiarities of each client leads to more successful and engaging email campaigns. Testing remains a critical step in this process, enabling designers to identify and rectify issues before emails reach their audience. Ultimately, the pursuit of Outlook compatibility is a testament to the meticulous and thoughtful approach required in modern email marketing, where reaching every recipient effectively is paramount.https://www.tempmail.us.com/en/outlook/resolving-css-issues-in-outlook-email-templates
