Juozas Kaziukėnas
@juokaz
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I think about e-commerce. Lithuanian.
Joined April 2009
4 headlines that could turn out to the start of a big shift in e-commerce
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“Thrasio, a startup that raised billions of dollars to buy up consumer brands sold on Amazon, is preparing to file for bankruptcy as it contends with a postpandemic slump in online spending, according to people familiar with the matter.”
wsj.com
Thrasio, a startup that raised billions of dollars to buy up consumer brands sold on Amazon, is preparing to file for bankruptcy as it contends with a postpandemic slump in online spending.
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Amazon will now run shoppable ads on Facebook, Instagram, and Snapchat. Can they get TikTok to join? Plus, no other retailer like Walmart has a deal like that with Facebook et al. Master move by Amazon. https://t.co/dWFjUoQeiJ
theinformation.com
Amazon has reached a deal with Snap that will let people buy Amazon products directly from ads on the Snapchat app, an Amazon spokesperson confirmed. The previously unreported arrangement closely...
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Shein and Temu combined are 90% as big as Amazon, measured in active app users. Take this with a giant grain of salt. https://t.co/nro8b8969c
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Can Shein go public at a $90 billion valuation? https://t.co/g7XkXegPkg
techcrunch.com
Shein has seen big swings in its price tag over the last year. The Singapore-headquartered fast fashion platform is targeting a valuation of up to $90
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Facebook says "Within ad revenue, online commerce benefited from strong spend among advertisers in China". Take a guess which apps is that.
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"A record of more than ONE BILLION packages entered the U.S. in the fiscal year ended Sept. 30 under the de minimis exemption—TWICE the 2019 level." US loophole fuels rise of China’s new ecommerce firms Shein and Temu.
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Temu launched a year ago and it is already 2x the size of Shein in the US. But "Temu may see a $3.65 billion operating loss this year despite global sales of $13 billion, Sanford C. Bernstein estimates." https://t.co/QoxVVrn7jX
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Amazon now lets advertisers use generative AI to pretty up their product shots.
theverge.com
Because nothing’s worse than a boring white background.
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Shein opens up about forced labor, data privacy as it looks to clear key hurdles before possible U.S. IPO.
cnbc.com
Shein, the Chinese-founded fashion giant that has taken the retail industry by storm, will have to clear a slew of hurdles if it wants to go public in the U.S.
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"Amazon doesn’t care about their workers’ bladders, but do you know what they do care about? Selling stuff. So I turned bottles of Amazon drivers' pee into a number one bestseller... on Amazon." Classic VICE. https://t.co/Pz3RbTwz9A
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Amazon wants shoppers to post influencer-style content. "The e-commerce giant intends to encourage ‘collaborative’ shopping, with new features that build out its TikTok-style content feed and a place to ask friends for feedback on purchases."
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The Strategist, Wirecutter and the rise of product recommendation verticals. "For all the focus on optimization, no amount of testing can overcome the fact that there are really no “best” products, even for a plurality of people."
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Amazon got at least 4.6m free organic views on TikTok for the Prime Big Day Deals event yesterday. That's why TikTok wants to do commerce.
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40% of Amazon users now use Temu, according to data from Apptopia. And that usage is accelerating. From https://t.co/kqd9YMeBUl
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"Codenamed Project Nile, it aims to add a layer of AI on top of the existing search bar on Amazon, enabling instant product comparisons, requests for more details and reviews, as well as recommendations based on search context and personal shopping data."
businessinsider.com
Amazon is using generative AI chatbot technology to radically revamp how people shop online. Project Nile is the codename for this secret initiative.
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Thrasio about to go kaput? "Thrasio, a startup that raised $3.4 billion to buy up consumer brands sold on Amazon, is exploring restructuring options as it contends with a postpandemic slump in online spending." https://t.co/lziPx6fGau
wsj.com
Thrasio, a startup that raised at least $3.4 billion to buy up consumer brands sold on Amazon, is exploring restructuring options as it contends with a postpandemic slump in online spending.
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"FTC and 17 states sued Amazon alleging the online retailer illegally wields monopoly power that keeps prices artificially high, locks sellers into its platform and harms its rivals." https://t.co/szTFjZOpNU
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