Alibaba’s sales during its 24-hour Singles Day shopping event rose 22 percent to $30.8 billion from a year earlier, a new record, according to CNBC.
Facebook was said to fire executive and virtual-reality wunderkind Palmer Luckey for donating $10,000 to an anti-Hillary Clinton group, sparking a backlash from colleagues, The Wall Street Journal reported.
The global mobile market is set to expanded at a five-year compound annual growth of 1.2 percent through 2022, driven by increased mobile data usage and expanding M2M applications that offset declines in spending on mobile voice and messaging services, according to researcher IDC. Worldwide spending on telecom and pay-TV services will rise by 0.6 percent in 2018.
Millennial homeowners ranked “new landscaping” as their top priority for renovations, more than kitchens and bathrooms, as outdoor entertaining and sharing pictures on social media are key activities. About one-third of the group ranked the backyard as the top choice of what to look for when buying a new home, according to image-pinning site Pinterest and Chase Home Lending.
Mergers and acquisitions in the public relations industry are likely to be frequent in the next few years as publicity firms with digital know-how find buyers. Almost all (92 percent) of respondents to a recent survey of independent PR firms said they have been approached by a potential buyer in the past two years, while more than half of firms (54 percent) said it was “likely” or “very likely” that they would sell by 2021, according to law firm Davis & Gilbert.
The portion of online shoppers who sign up for retailer loyalty programs has fallen 25 percentage points to 58 percent this year from 83 percent last year, according to a study by researcher CFI Group. About 40 percent of customers who refrain from signing up for loyalty programs said being a member isn’t worth the time, money or effort.
“Exit polls found that voters cared strongly about healthcare with 41% of respondents reporting that it was the biggest factor to influence their vote. This was followed by 23% stating that it was immigration and 21% noting that it was the economy. If the economy was a bigger factor — as it has been historically — the ‘Blue ripple’ might not have succeeded.” – Michelle Mayer, U.S. economist, Bank of America Merrill Lynch
Smartphones top the holiday wish lists of Americans this year, according to a survey by Gazelle, an online marketplace for used electronic devices. The most wished-for devices this holiday season are: a Samsung Galaxy smartphone (requested by 23% of people who most want electronics as gifts), an Apple iPhone (22%), an Apple Watch (17%), an Apple iPad (16%) and a MacBook (14%), the survey found.
The U.S. non-chocolate candy market, consisting of sugary and fruity candies such as licorice, gelatin-based gummies, and taffy, among others, is forecast to grow more than 2% a year from 2018 to 2023, according to researcher Packaged Facts. Concerns about sugar consumption among health-conscious shoppers has been a key challenge for the candy industry.