The rise of TikTok is hurting social media stocks; most U.S. sales of Harry Styles’ new album are coming from vinyl; and punctuality is having a moment.
GO READ THIS REPORT ON AN AI SHOPPING APP THAT WAS ACTUALLY JUST USING HUMANS, theverge
Terrible headline, but excellent investigation into Nate, a once-buzzy shopping app that raised nearly $50 million in VC funding on a precarious (to put it mildly) business plan. I remember first hearing about this company from inescapable subway ads a few years ago. I downloaded it at the time, wasn’t impressed, and haven’t opened the app since. Apparently, I was not alone!
AMAZON'S BEEN OFFERING FAT PAYCHECKS TO ATTRACT LIVE SHOPPING INFLUENCERS, inputmag
Amazon has been sending monetary offers to high-profile TikTok users in an attempt to bring them over to Amazon Live, the company’s livestreamed shopping feature. Some influencers were offered upwards of $9,000 per month to ditch TikTok.
AS GLOSSIER REALIGNS, IT TAPS YOUTUBE’S NEW SHOPPABLE SHORTS CHALLENGE, glossy
On June 8, Glossier launches its newest product, the No. 1 eye pencil, with YouTube’s first-ever Shoppable Shorts Challenge. The challenge runs June 8-June 23, and Glossier tapped 100 influencers and singer-songwriter Kehlani to produce videos for the challenge using the hashtag.
APPLE LAUNCHES BUY-NOW, PAY-LATER SERVICE, businessoffashion
Built directly into Apple Pay, the update will allow users to pay for purchases in four installments over six weeks. They’re using Goldman Sachs as the lender for the loans needed for the installment offerings. BNPL at the touch of a finger? What could go wrong!
IT’S TOO EASY FOR MINORS TO JOIN DATING APPS, atlantic
Ellie was just 15 years old when she made her first profiles on Tinder and Bumble. She quickly found that “a lot of guys” were into how young she was.
One last thought:
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