Hey Snackers,
CEO role = Vacant.
Chief exec departures hit a fresh high last month (172 exited their posts) — we're on pace for a record year of CEOs leaving/losing their positions.
Stocks inched down Wednesday, but today we're waiting for Disney's earnings report to magically appear.
New job posting: Ads Lead... “Responsible for creating a new ads business that enables eaters to discover new foods.” TechCrunch reporters noticed that up on the Uber Eats career page. It's a signal that instead of taking just a delivery fee off your late-night chimichanga order, Uber is adding a new revenue stream from the prime real estate at the top of its Uber Eats app.
We're calling it a "Browsing Billboard"... As your fingers browse Uber Eats for dinner, your eyes will see a billboard. The app's valuable space highlighting food options can be sold as ads to restaurants that crave better delivery sales. Here's how Uber Eats' Browsing Billboard would go down:
The Browsing Billboard is the next evolution of platforms... Web platforms like Uber play a middleman role, connecting buyers with sellers. Expedia plays that role too — but when you search for vacation options, some of the top results are paid ads. And more platforms could start doing that:
Feel like the Lannisters in Season 7?... Kroger is a seasoned grocery biz vet, founded 136 years ago in Cincinnati by a German immigrant's son. Now it's facing competition from German discount grocers Aldi and Lidl, which are expanding rapdily into the US. Amazon, Walmart, and Target all got in on groceries, too. Doing nothing isn't an option anymore for Kroger, so it's changing everything:
"Dynamic pricing" could be up next for groceries... Kroger also recently partnered with Microsoft on a project that includes replacing old price labels with digital ones. That got us thinking: "dynamic pricing" could be coming. AKA pricing that can change based on supply/demand (like Uber's surge pricing). If Kroger can control and changes prices instantly thanks to these stickers, it could...
Disclosure: Authors of this Snacks own shares of Amazon and Tesla
ID: 1005541