Amazon, through its app, is leaning more on creators and the popularity of short-form video a la Tiktok, the company announced Thursday.
Details: The e-commerce giant is starting to roll out a new social feed called “Inspire,” which shows shoppers photos and quick hit videos from influencers, brands and customers.
The SEC has published a "Dear Issuer" letter, directing companies that have issued securities to consider whether they should update their disclosures.
Why it matters: There's been a widespread fear of contagion in the crypto industry, and it's bad enough that some worry it could spill out into the rest of the economy.
Two former Twitter employees on Wednesday filed a class action lawsuit against the social media company alleging that its recent mass layoffs disproportionally affected female employees.
Driving the news: This is the latest lawsuit stemming from the mass layoffs that followed Elon Musk's takeover of the company.
Treasury Secretary Janet Yellen on Thursday unveiled the first U.S. dollars bearing her signature, marking the first time afemale Treasury secretary's signature appears on the nation's currency.
What's next: The updated $1 and $5 dollar bills will be delivered to the Federal Reserve later this month and enter circulation early next year, a Treasury spokesperson said.
When we talk about the labor market every month — like the strong jobs data that came out last Friday — we're really talking about two different reports in one, based on different surveys.
Driving the news: Right now, the two surveys are sending distinct signals about the trend in employment.
Linda Rutherford has spent 30 years supporting communications at Southwest Airlines. She has advised three CEOs, led a team of roughly 4,000 and weathered a global pandemic that rocked the travel industry.
Why it matters: Rutherford has made a career of "establishing affinity for the Southwest brand, no matter the audience" and recently received the Institute for Public Relations' highest honor — the lifetime achievement award.
Public relations professionals outnumber reporters 6 to 1, and that number is growing.
Why it matters: Economic headwinds are causing media entities to restructure, slash costs and shift strategies. As a result, PR pros should rethink how they work with strained newsrooms.
FTX and Alameda Research founder Sam Bankman-Fried (SBF) has been on an aggressive media tour, but very little new has been learned on camera beyond what reporters have already uncovered.
Why it matters:The FTX collapse is the most interesting trainwreck story in business right now, but all the coverage of its instigator might be serving his purposes, as much as it is the public interest.
Disney on Thursday rolled out a new ad-supported plan for its flagship streaming service Disney+, roughly one month after rival Netflix also debuted a cheaper ad-supported tier.
The big picture: More streaming services are leaning into ad-supported plans to lure users as subscription fatigue sets in.
Prince Harry and Meghan Markle, Duchess of Sussex, spoke out about the media frenzy and racism they experienced as a royal couple in the first installment of their new Netflix series, “Harry and Meghan,” released Thursday.
Driving the news: Harry drew comparisons between the frenetic media coverage endured by his mother Princess Diana and by Meghan.
Driving the news: Despite the ongoing crypto winter, the coffee giant announced it rolled out Starbucks Odyssey Thursday to a “small group” of rewards members and employees who joined the waitlist.
More than 1,100 members of the New York Times union walked out on the job Thursday morning after more than a year and a half of stalled contract negotiations with The Times' management.
Why it matters: The walkout represents a breaking point between the two parties, which have been debating new contract terms since the guild's last contract expired in March 2021.
The wave of tech layoffs this year is adding to shockwaves in the private markets, as many workers look to sell their company stock just as valuations are collapsing.
Why it matters: Say goodbye to the golden age of employee stock options. This is part of a big unraveling happening for tech workers, many living through their first downturn and experiencing unfamiliar job woes like layoffs, hiring freezes, and the diminishing value of their stock compensation.
Fresh economic data from China on Wednesday showed just how much the nation’s "zero COVID" policies have hammered its crucial export industries.
Why it matters: China just moved to meaningfully loosen those restrictive COVID policies.
The greater-than-expected plunge in trade suggests that, in addition to responding to protests, Chinese officials, in part, eased their COVID stance to keep the economic downturn from spiraling out of control.
A handful of U.S. public transit systems have recently made or are poised to make bus travel free, in hopes of better serving riders and addressing critical equity issues.
The big picture: Such programs have been hugely popular, leaving transit officials scrambling to find ways to keep funding them.
Indiana Attorney General Todd Rokita (R) announced Wednesday that he is suing TikTok for allegedly failing to protect children from mature content and deceiving users about the Chinese government's ability to access their data.
Why it matters: None of the allegations are new to TikTok, which is owned by the Chinese company Bytedance. The platform, like its peers, has faced heightened scrutiny in recent years amid growing concern over social media apps' influence on children and adolescents.
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