Amazon is rapidly transforming from an e-commerce titan into a global advertising powerhouse. Now the third-largest digital ad publisher, Amazon trails only Google and Meta (owner of Facebook), overtaking traditional media groups and rival tech platforms in terms of ad revenue scale. In the first quarter of 2023, Amazon’s revenue rose 9% year-over-year to $127.4 billion, … Continue reading Amazon Advertising Surges as E-Commerce Growth Slows
Category: Econ News
Hand Sanitizer on Tap
Breweries and distilleries from small operations like Bluegrass Distillers in Lexington, Kentucky, to giants like AB inBev, maker of Budweiser Beer, are working to provide hand sanitizer to hospitals and other first responders during the coronavirus pandemic. Back in January 2020, you could have added a case of Purell hand sanitizer to your Amazon cart … Continue reading Hand Sanitizer on Tap
The Biggest Fall in GDP the UK has Ever Seen
Data published today by the UK Office for National Statistics (ONS) is the first to show the devastating effects of the coronavirus (COVID-19) pandemic and the lockdown measures taken in March to limit transmission of the virus. Having shrunk by 6 percent in March, real GDP fell by 20.4 percent in April, when it stood … Continue reading The Biggest Fall in GDP the UK has Ever Seen