1039 days ago
If you haven't seen too many PS5 online or in store, it's most likely because they were simply out of stock. The new model of the PlayStation dynasty has beaten its older version on all side, grabbing more playing time, engagement, and sales every month. Needless to say, the pandemic has been of great help for this success.
1039 days ago
China's president Xi Jinping wants to curb the added pressure put on kids by the surge in edtech--China is well known for its academic pressure-cooker culture. Because of the country's size, edtech has gathered a large number of followers. This partly explains why education startups have attracted $10.5B of funding last year. GSX techedu, New Oriental education and TAL education have shed off $55B of value since the start of March.
1039 days ago
Netflix generated $7.2 billion in revenue in Q1 2021, just narrowly beating YouTube’s ad sales. YouTube almost matches Netflix’s subscription revenue from more than 200 million subscribers is impressive. Also, due to its reliance on user-generated videos, YouTube’s content costs are way lower than Netflix’s, meaning that the platform is likely considerably more profitable than Netflix.
1042 days ago
Klarna's gross merchandise volume - the value of transactions made using its payment platform - nearly doubled to $18.9 billion in the first quarter from $9.9 billion a year ago. The number of U.S. consumers using Klarna more than doubled to 17 million in April 2021 and app downloads in the country increased 125%, the company said in a statement.
1043 days ago
Many companies noticed that there was one source of information that customers trusted the most when making a purchase decision: their social circle. If it is not a friend that recommends us a product, it can easily be replaced by people displaying their life on social media, making us feel so engaged that they feel like acquaintances: influencers. Influencers tended to have the biggest influence in countries likes Brazil, Nigeria, China and India, with 30% of more of the population admitting purchasing a product after hearing an influencer's recommendation.
