Ecommerce & Digital News Weekly - 29 August 2022

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News

Well here we are with the last ecommerce & digital news before the schools are back...

Recently, we've seen a lot in the press about the new kid on the block challenging Instagram with its promise of authenticity and real connection - elements that are in stark contrast to the filter-based Instagram app.

And they have some seriously impressive stats to back it up too - no doubt helped along by Instagram's alienation of some of its audience earlier this year with its pivot to Reels.

74.5% of its total downloads have happened this year!
It has been downloaded more than 10 million times (with almost 50% coming from the US).
App downloads have increased by 315% since the beginning of this year.

However, Instagram has no intention of giving up its top spot and Meta has already confirmed it is (internally) testing IG Candid - a BeReal clone for Instagram.

So, watch this space!

Social will continue to change, but in which direction...?

"The value of an idea lies in the using of it."

(Thomas Edison)

SOCIAL MEDIA & PLATFORM NEWS - BeReal, Instagram, Google...

Digital Image for newsletter

Instagram looks to copy BeReal with new ‘IG Candid’ feature.
(Social Media Today)

BeReal rises to 10 million daily active users.
(Social Media Today)

Google opens the door for Android apps that work across all kinds of devices.
(The Verge)

Meta rolls out end-to-end shopping experience on WhatsApp.
(Charged Retail)

LinkedIn rolls out option to pin comments in reply chains.
(Social Media Today)

Trump’s Truth social is soaring.
(The Drum)

Twitter tests new format for tweeted links.
(Social Media Today)

TikTok mini-game pilot alludes to resurgence in social gaming.
(Marketing Dive)

Twitter rolls out podcasts in the Spaces tab.
(Social Media Today)

Pinterest’s invite-only collage-making app blowing up on TikTok.
(TechCrunch)

ByteDance quietly launches search app in China where Google is banned.
(South China Morning Post)

METAVERSE NEWS - iHeartRadio, Nike...

met averse VR

iHeartRadio is trying out a Fortnite ‘metaverse’ concert arena.
(The Verge)

Nike records nearly 7 million visitors to its metaverse store.
(Charged Retail)

Beijing announces two year metaverse innovation and development plan.
(Coin Telegraph)

UK ECOMMERCE NEWS - Richemont, YNAP, AB InBev...

UK Ecommerce Newsletter

Richemont-YNAP deal puts Farfetch closer to being global luxury platform.
(Forbes)

AB InBev launches BEES B2B ecommerce platform in UK.
(PYMNTS)

INTERNATIONAL ECOMMERCE NEWS - Zalando, Instacart, Farfetch...

International ecommerce newsletter

Zalando registers highest growth since 2018.
(Ecommerce DB)

Instacart partners with Lizzo for most extensive campaign to date.
(Marketing Dive)

Farfetch posts revenue and GMV growth.
(Fashion United)

Ecommerce aids Woolworths through difficult year.
(RLI)

T-Mobile & SpaceX Starlink say 5G phones will connect to satellites next year.
(The Verge)

Pinduoduo plans to launch a new app and e-commerce business in the U.S.
(Yahoo Finance)

IN THE MARKETS - Steven Bartlett, Thirdweb, Reflaunt...

Steven Bartlett gains £20million funding for blockchain platform.
(The Independent)

British Web3 startup Thirdweb raises $24M.
(Tech Funding News)

Resale tech solution Reflaunt secures $11 million in funding.
(Fashion United)

Neurofenix raises €7 million for its digital platform.
(EU Startups)

Muninn lands €2.5 million for its cybersecurity platform.
(EU Startups)

Bed Bath & Beyond snags a much-needed loan.
(Retail Dive)

Boomio scores €550k to transform customer loyalty market.
(EU Startups)