Deflation — a concept that’s been gathering metaphorical dust of late — has come for e-commerce.
By the numbers: Online prices declined by 1% in July, compared with a year earlier, according to the Adobe Digital Price Index released Tuesday. It marks the first price decline in the index in 25 months — and it’s the fifth straight month in which the index has fallen.
Electric vehicle prices were supposed to be heading in reverse right about now. Instead, they're taking off.
Why it matters: Automakers and independent experts had for years projected steady declines in EV prices as battery costs receded, making the environmentally friendly technology a more affordable replacement for gas-engine cars.
One of the U.S.'s biggest publicly traded crypto mining companies showed how well it fared over the rough-and-tumble months of April to June. It was mostly not good.
Why it matters: Mining companies are considered the last line of defense, often the last to sellamid downturns, because their business models can withstand the volatile swings of the digital assets they mine with high-powered computer equipment. But they have recently shown signs of stress.
After 20 years, this year's annual Code Conference from Vox Media will be Kara Swisher's last year hosting and organizing the event, Swisher told Axios.
Why it matters: Swisher, who recently rejoined Vox Media from the New York Times, plans to turn her attention toward new projects that explore topics beyond tech and reach a wider set of people.
Column, a public benefit company that provides software to streamline the placement of public notices, has raised a $30 million series A investment round led by Lux Capital, a venture firm, its founder and CEO Jake Seaton told Axios.
Why it matters: It's a rare injection of high-growth capital into a company that services local newspapers. The money will help Column expand its services to improve public information systems andtransactions beyond public notices.
The influx of venture capital and private investments into digital media companies has helped launch a new generation of outlets. It's also led to a succession of quick exits by those investors — some with strong returns, others not so much.
Overtime, a sports media company targeting Gen-Z and millennials, has raised $100 million in series D funding, its co-founder and president Zack Weiner told Axios.
Why it matters: The latest round values the six-year-old company at over $500 million, according to a source familiar with the figures.
The New York Times is planning to aggressively expand its advertising business across its bundled products, like games and sports, executives tell Axios.
Why it matters: Over the past 10 years, the Times has pivoted its strategy to focus on attracting more consumer revenue via subscriptions. Now that it's reached a critical mass of subscribers outside of news, it sees an opportunity to build more ad products that cater to those users.
"Hamilton" attorneys have sent the Door Christian Fellowship church in South Texas a "cease and desist" letter over its religious interpretation of the acclaimed Broadway show that concluded with a sermon.
Driving the news: RGV Productions and the McAllen church staged productions last Friday and Saturday, featuring the characters Alexander Hamilton and Eliza Schuyler Hamilton discussing how Jesus "saved" them, per videos posted by writer Hemant Mehta, who described the sermon as "demonizing homosexuality."
A commercial real estate firm said Monday that it has turned over to the New York Attorney General's office some 36,000 documents on its appraisal of Trump Organization properties.
Driving the news: Cushman & Wakefield was held in contempt last month and ordered to pay a fine of $10,000 a day after it failed to turn over documents subpoenaed by Attorney General Letitia James in an investigation into former President Trump's business.
