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Ford can't stop recalling its cars
Business Insider· 2024-08-17 18:42
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFord recalled over 85,000 police vehicles due to potenti ...
Disney is betting big on cruises
Business Insider· 2024-08-16 14:22
Disney Cruise Line has big plans to expand its five-ship fleet.The company plans to debut eight ships over the next seven years, including its first two in Asia.Disney also launched its second private port, Lookout Cay at Lighthouse Point. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're o ...
Leaked Spotify deck reveals how it's trying to compete with TikTok, Instagram, and others for video ads
Business Insider· 2024-08-16 12:25
Core Insights - Spotify is focusing on enhancing its advertising appeal, particularly targeting small- and medium-sized businesses through automated sales and new ad products [2][3] - The company reported its most profitable quarter ever, with a 13% increase in ad sales and a 12% growth in premium subscribers, although ad sales growth has slowed compared to previous quarters [3][4] - Spotify's advertising revenue is projected to be $2.06 billion this year, significantly lower than competitors like Pinterest, Alphabet, and Meta [3] Advertising Strategy - Spotify has launched an in-house ad agency and generative AI ad products to simplify audio ad creation [2] - The company is promoting its video inventory, including video podcasts and music videos, to attract advertisers [2][6] - Spotify's automated and self-service ad offerings are gaining traction, but it still faces challenges in competing for social media video ad dollars [4] Market Position - Advertising constitutes 12% of Spotify's total revenue, with a goal to increase this share to 20% [3] - Despite its efforts, Spotify remains a minor player in the advertising market compared to larger competitors [3] - The company emphasizes its unique position in the audio space, differentiating itself from platforms like Snap and Pinterest [5] User Engagement - A study cited by Spotify indicates that 92% of its users incorporate the platform into their daily routines, providing numerous opportunities for advertisers to reach consumers [5] - Spotify claims its ads outperform TV and social media in metrics such as reach and attention, potentially driving user purchases [5][6]
Boeing's new boss got a major endorsement from his biggest customer in his first week on the job
Business Insider· 2024-08-16 10:17
Boeing's new CEO, Kelly Ortberg, received praise from Scott Kirby, boss of United Airlines.Kirby, a vocal critic of Boeing after January's blowout, said he was confident in the firm's recovery.United is Boeing's biggest customer in commercial aviation, so Kirby's endorsement is a big boost. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your f ...
'Strong' Walmart results come as a relief for the retail sector
Business Insider· 2024-08-15 12:43
Walmart raised its profit target for the year following "strong" results on Thursday.The retailer posted a 4.7% increase in net sales in the quarter to $167.8 billion."The good results will come as a relief to the wider retail sector," said GlobalData's Neil Saunders. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a per ...
Google's monopoly drama should have Apple, Meta, and Amazon nervous
Business Insider· 2024-08-15 08:07
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA federal judge's blistering ruling describing Google as ...
Starbucks' new CEO has a chance to remake the coffee chain. Analysts say he could overhaul the menu — and more
Business Insider· 2024-08-14 18:29
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBig changes could be headed to Starbucks once Brian Nicc ...
Google is moving fast again — but big problems cloud its path
Business Insider· 2024-08-14 13:20
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen ChatGPT first arrived, much was made of why Google ...
Howard Schultz is looming in the background of Starbucks' latest CEO transition
Business Insider· 2024-08-14 09:04
Former Starbucks CEO Howard Schultz looms over the company's leadership, even after stepping down.The coffee giant just named Brian Niccol as CEO. He comes in from Chipotle.Schultz has endorsed Niccol as "the leader Starbucks needs". Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the ...
Starbucks is betting big that Chipotle's CEO can make it special again. He'll have his work cut out for him
Business Insider· 2024-08-13 15:42
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEveryone from customers to activist investors agrees: St ...