The Federal Trade Commission (FTC) has reportedly alleged that Amazon used a secret algorithm code-named “Project Nessie” to test the limits of price increases while ensuring competitors would follow suit. This algorithm aided Amazon in maximizing its profits across various shopping categories, prompting competitors to raise their prices...
Walt Disney Co.‘s streaming service, Disney+, has reportedly encountered obstacles in meeting its subscriber targets, according to sources familiar with the matter. The company’s goal of reaching 215 million to 245 million subscribers by 2024, set by former CEO Bob Chapek in August 2022, is...
Great Britain’s telecom companies are under fire as consumers contend with Europe’s largest price hikes. As The Financial Times (FT) reported Monday (Aug. 28), those price increases have been as high as 17.3% this year, drawing the attention of regulators and consumer groups. According to the report,...
The pandemic pushed many restaurants to reduce service or raise prices, which led many consumers to reduce their frequency of dining out. Baby boomers and seniors have reduced their frequency of dining out the most, with 40% of these consumers eating at restaurants less frequently....
December 20, 2022
The pandemic pushed many restaurants to reduce service or raise prices, which led many consumers to reduce their frequency of dining out. Baby boomers and seniors have reduced their frequency of dining out the most, with 40% of these consumers eating at restaurants less frequently. Consumers who continue to dine out are changing their habits: […]
October 03, 2023
The Federal Trade Commission (FTC) has reportedly alleged that Amazon used a secret algorithm code-named “Project Nessie” to test the limits of price increases while ensuring competitors would follow suit. This algorithm aided Amazon in maximizing its profits across various shopping categories, prompting competitors to raise their prices and charge customers more, according to redacted portions of the […]
September 14, 2023
Walt Disney Co.‘s streaming service, Disney+, has reportedly encountered obstacles in meeting its subscriber targets, according to sources familiar with the matter. The company’s goal of reaching 215 million to...
August 28, 2023
Great Britain’s telecom companies are under fire as consumers contend with Europe’s largest price hikes. As The Financial Times (FT) reported Monday (Aug. 28), those price increases have been as high as...
