Hey Snackers,
Emma Watson calls herself "self-partnered." Not single. We're calling Merriam-Webster's 2019 "Word of the Year" early.
The Dow drove up Wednesday thanks to a huge/distracting opening day for Disney+. The rest of the market is wondering why US/China trade negotiations are suddenly held up.
Codename: "Cache"... It's money. And it's tech. That's what Google stealthily calls its checking account project, which will launch next year with Citibank's help. Alphabet's financey move follows Apple (its new credit card is powered by Goldman Sachs) and Facebook (it just unveiled Facebook Pay while also working on a global cryptocurrency). But here's Google's plan:
Follow the money... Even if Google doesn't charge fees, it could make money off this. It's said it won't sell your spending data, but didn't say it won't eyeball your spending habits... then target you with better ads (which Google can charge more for). Half of Americans use debit cards daily, so picture this:
Silicon Valley wants to be your bank, but doesn't want to become a bank... Banks are regulated. Hardcore. Alphabet and Apple aren't interested, so they're letting actual banks handle the backend while they look good up front. It's like those Bathtub Fitter commercials. Big Tech doesn't get the business benefits of being a bank, but it's more embedded in your daily life through your payments.
(Gasp). Wait. (Gasp)... Amazon doesn't take rejection well. But it just got dumped by Nike. It's ending the 2-year relationship and moving out because it doesn't want to sell its gear on Amazon.com anymore.
We smelled this ghosting before it happened... Nike CEO Mark Parker was replaced by eBay's former CEO last month — and he's already flexed his ecommerce muscles by going directly to consumers online instead of via Amazon. That move could lose the love of Prime members and their "ship 2-day-free or it's not me" policy. But here are 3 big benefits to owning your own online shopping:
The real winner here is Shopify... If you buy something online, there's a good chance it's powered by Amazon or Shopify. Shopify lets retailers control the front-end website, while it handles the back-end logistics. Nike may or may not become a Shopify customer — but if other big brands ditch Amazon, Shopify wins.