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The Latest Breaking News from Insider Intelligence

Walmart’s online grocery lead on Amazon and Instacart is strengthening

Walmart holds a comfortable lead as the largest online U.S. grocer, according to the new national e-commerce forecast from Insider Intelligence, but there’s a fierce battle for No. 2 between Amazon and Instacart.

Tribune News Service

Disney+ Subscribers Surge as Netflix Stumbles

The Disney+ streaming service saw its number of paying subscribers leap beyond expectations in the last quarter, as rival Netflix's client count ebbed, results showed Wednesday. The number of people subscribing to Disney+ topped 152 million, up some 31 percent from the same period a year earlier, the entertainment giant…

Asharq Al-Awsat

Google earnings signal company weathering slowdown better than expected

Parent company Alphabet reports second-quarter revenue of $69.69bn, 13% higher than a year ago

The Guardian - US

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Amazon Prime Day: What consumers are buying

Amazon will be offering discounts on a variety of items during its two-day Prime Day shopping event that began Tuesday

The Independent UK

Amazon Prime Day comes amid slowdown in online sales growth

Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic

The Independent UK

‘End of an era’: Sheryl Sandberg leaves behind powerful – if complicated – legacy

The chief operating officer saw Facebook through multiple controversies and turned into the profitable juggernaut it is today

The Guardian - US

Facebook Parent Meta Calms Investors with Strong Profit

Facebook parent Meta on Wednesday reported better profit than expected in the recently ended quarter, calming investors worried about the toll of competition from TikTok and eased pandemic restrictions. Meta said it made a profit of $7.5 billion on revenue of $27.9 billion in the first three months of this…

Asharq Al-Awsat

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Do You Accept Crypto? 3.6M US Citizens To Pay With Cryptocurrencies In 2022, Following A 70% Projected Increase

Recent research points to a sharp increase in the use of cryptocurrencies as means of payment among U.S. residents.

Benzinga

YouTube offers new shopping option during Coachella livestream

LOS ANGELES — When hip-hop group Brockhampton takes the stage at Coachella this week, audiences streaming the festival at home on YouTube will be able to watch the concert and buy a commemorative T-shirt at the same time.

Los Angeles Times

TikTok Revenue Set To Surpass Twitter, Snap Revenue Combined

Video-sharing app TikTok's advertisement revenue is likely to triple in 2022 to over $11 billion, Reuters reports quoting Insider Intelligence. TikTok's revenue will likely surpass the combined sales of its rivals, Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP). Nearly $6 billion, or more than half, of 2021's ad revenue will likely come from the U.S., despite regulatory concerns…

Benzinga

The rise of TikTok: why Facebook is worried about the booming social app

Chinese-owned video platform is set to overtake the advertising scale of Twitter and Snapchat combined

The Guardian - UK

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