In the first week of January 2022, Bloomberg Media CEO Justin Smith announced he was leaving the company and starting his own independent publication, citing the public’s declining faith in established news media organizations. “The news industry is facing a crisis in consumer trust and confidence due to the distorting influence of social media and…
Social media has made the relationship between brands and consumers closer than ever before. Brands don’t just have the power to reach their audiences. They now have access to a two-way street of communication that lets them speak directly withtheir customers. Audiences remember how something is said as much as what is said, so it…
Non-fungible tokens, or NFTs, have taken the world by storm. Internet meme creators are selling their original memes for hundreds of thousands of dollars and a collage of artistic works by digital artist Beeple recently sold for $69.3 million. However, it’s not just the one percent who are throwing money at these mysterious digital tokens.…
The emergence and popularity of short-form media-sharing social media platforms such as Instagram and TikTok, has made it difficult for brands to justify using other video-sharing platforms, especially YouTube. It would be easy to assume that YouTube is losing users to these short-form video giants and is becoming an outdated way for businesses to reach…
The global pandemic has had several side effects that are spreading chaos in a number of fields and markets. Chief among these are the supply chain problems and shipping delays that are making it difficult for shoppers to find what they need. Holiday shopping for the upcoming season has started much earlier than in past…
The holiday shopping system is approaching faster than ever before, thanks to the global computer chip shortage and supply chain issues. But that is not the only change to the online retail landscape, as more people now prefer to shop online than in-person. In addition, up to 93% of these shoppers are researching products online…
Three years ago, instant messaging service WhatsApp launched its own e-commerce platform called WhatsApp Business, which targeted small business owners to make it easy for them to communicate with their clients. The application, which is independent of the WhatsApp Messenger, has started to roll out more and more shopping features to develop the platform into…
The social media landscape is changing, and existing platforms are scrambling to reach audiences as their consumption habits evolve. TikTok is driving audiences specifically toward short-form video, but audiences now prefer video in general as their primary source of entertainment. Instagram is one such company that has had to shift its focus to appeal to…
There is a new power struggle between e-commerce industry giants, but it is for the benefit of smaller businesses. The once-dominant Amazon Marketplace is losing vendors and customers to smaller sites such as Shopify, which gives merchants a platform to create their own stores with more control than other, larger e-commerce companies. According to a…
If you missed the latest technology news, earlier this year Google gradually rolled out their first major page experience update in a decade and fully implemented the changes by the end of August. According to Statcounter, Google currently holds 92% of the worldwide search engine market share on all platforms, so brands need to be…