Tag: Shopify

Cyber Monday Forecast Boosted After Record Online Holiday Sales, Says By Adobe Inc
Technology

Cyber Monday Forecast Boosted After Record Online Holiday Sales, Says By Adobe Inc

[ad_1] Online Holiday bonanza: US shoppers will spend up to $12.4 billion online during Cyber Monday, according to Adobe Inc., which adjusted its initial forecast of $12 billion upward based on stronger-than-expected spending on Black Friday and the popularity of buy-now-pay-later features that let shoppers stretch their budgets with credit.It would cap off a Cyber Week that has already seen record online spending: Black Friday topped projections at $9.8 billion, up 7.5% from a year earlier. Thanksgiving spending of $5.6 billion was up 5.5%, according to figures released early Monday from Adobe. Flexible spending options, including buy-now-pay-later features online, have helped shoppers stretch budgets otherwise battered by inflation. Consumers used such promotions to spend $7.3 billion...
The Amazon antitrust lawsuit is likely to be a long and arduous journey for the FTC
Technology

The Amazon antitrust lawsuit is likely to be a long and arduous journey for the FTC

[ad_1] Amazon is heading into one of its biggest sales events of the year — Prime Day — with a lawsuit hanging over its head that accuses it of preventing sellers from hawking their merchandise at lower prices on other sites.The Federal Trade Commission's long-awaited antitrust case is the agency's most aggressive move yet to tame the market power of Amazon, a company that's become synonymous with online shopping and fast deliveries. Under chair Lina Khan, the agency hasn't been shy about taking big swings against some of America's biggest companies and testing the limits of competition law to reverse what many of her supporters see as decades of weak antitrust enforcement. But that approach has also led to some high-profile setbacks, most notably in the FTC's bid to block Microsoft's t...
Bosses Say Nearly Half of Meetings Should Disappear
Technology

Bosses Say Nearly Half of Meetings Should Disappear

[ad_1] Tired of attending useless meetings? Turns out, your boss is probably sick of them, too.Executives spend an average of 25 hours a week in meetings, yet nearly half of those Zoom calls and project updates could disappear without any negative impact, according to a survey of more than 10,000 desk workers by Future Forum, a research consortium backed by Salesforce Inc.-owned Slack Technologies. The top reason why business leaders go to unproductive meetings is that they thought it would be a good use of time, but ultimately wasn't. They also attend because they're afraid to miss something important, and to show their own manager they're working, the survey found. For those lower down the corporate ladder, the most common reason for showing up is obvious: They don't have a choice. T...
OpenAI Makes ChatGPT Available for Companies to Integrate in Apps
Technology

OpenAI Makes ChatGPT Available for Companies to Integrate in Apps

[ad_1] OpenAI is making its ChatGPT tool available to companies to incorporate into their own apps as it seeks commercial uses for the wildly popular chatbot. The company, which introduced ChatGPT to the public in November, is now offering paid access for businesses and developers who want to use the software's ability to answer questions and generate text in their own applications and products. Customers will be able to hook their apps into ChatGPT's application programming interface, giving them the same version of the GPT 3.5 model that OpenAI itself uses at a cost 10 times lower than OpenAI's existing models. Instacart Inc., Shopify Inc. and Snap Inc. are among companies already using the ChatGPT API in their products, San Francisco-based OpenAI said in a blog post on Wednesday....
Shopify Tells Employees to Just Say No to Meetings
Technology

Shopify Tells Employees to Just Say No to Meetings

[ad_1] The e-commerce firm is canceling all recurring meetings with more than two people and encouraging staffers to decline invitations and detach from big internal chat groups. Shopify Inc. spent last year cutting costs. Now, it's cutting meetings. As employees return from holiday break, the Canadian e-commerce firm said it's conducting a “calendar purge,” removing all recurring meetings with more than two people “in perpetuity,” while reupping a rule that no meetings at all can be held on Wednesdays. Big meetings of more than 50 people will get shoehorned into a six-hour window on Thursdays, with a limit of one a week. The company's leaders will also encourage workers to decline other meetings, and remove themselves from large internal chat groups. 'The best thing founders can...