Streetbeat News

Marketing

AAPL

BABA

LRLCF

LULU

NKE

PDD

China's Singles' Day, a massive shopping event, outperforms the U.S. Black Friday with significant growth and sales. Major e-commerce players like Alibaba, JD.Com, and PDD Holdings participate, with global brands such as Nike, Lululemon, Estee Lauder, Procter & Gamble, Apple, and L'Oreal benefiting from their presence on Alibaba's Tmall platform. Despite past successes, some brands are cautious about this year's event due to a softer market trend.

Portfolio Pulse from Nabaparna Bhattacharya

November 11, 2023 | 6:20 pm

AMZN

NKE

Nike Inc. (NYSE:NKE) has hired Muge Erdirik Dogan, an Amazon.com Inc. (NASDAQ:AMZN) veteran, as its new Chief Technology Officer (CTO). Dogan, who previously served as President of Amazon Fashion, brings 16 years of experience at Amazon to Nike, aligning with the company's strategy to enhance direct online sales and digital technology in retail. Nike's CEO, John Donahoe, expressed confidence in Dogan's ability to drive growth and innovation while maintaining focus on athletes and consumers. The news comes as Amazon announces the closure of its Amazon Style stores and Nike faces legal challenges with competitors over patent infringements.

Portfolio Pulse from Ananya Gairola

November 11, 2023 | 3:06 am

AAPL

AMZN

Apple Inc. (AAPL) has reportedly made a special arrangement with Amazon.com Inc. (AMZN) to ensure a cleaner presentation of its products on Amazon's website, with fewer ads for competing products displayed on Apple's product pages. This agreement, stemming from a 2018 deal allowing Apple to sell directly on Amazon, was highlighted in an internal email from Amazon's then-retail CEO, Jeff Wilke. The FTC is currently suing Amazon for using 'irrelevant junk ads' to increase ad revenue, a practice allegedly initiated by founder Jeff Bezos.

Portfolio Pulse from Rounak Jain

November 11, 2023 | 3:00 am

TSLA

Tesla Model Y and Model 3 were listed on Cars.com, which is unusual as Tesla typically sells new cars exclusively through its own website. Elon Musk, CEO of Tesla, expressed that he was unaware of the listings. The incident raises questions about Tesla's marketing strategies. Additionally, Tesla recently recalled some Model S and Model X vehicles due to airbag installation issues and reduced prices for certain models, which received mixed reactions from the community and analysts.

Portfolio Pulse from Ananya Gairola

November 11, 2023 | 1:59 am

META

Sen. Josh Hawley and Congressman Mike Gallagher are calling for a ban on TikTok, citing its pro-Palestinian and anti-Israeli content. The New York Times reported higher engagement for #FreePalestine than Israeli hashtags on TikTok since an attack by Hamas on Oct. 7. Gallagher suggested China might be influencing content to favor Palestine, but no evidence was provided. The article also explores reasons for TikTok's user base leaning pro-Palestinian, including its young demographic and the app's absence in India, an ally of Israel. Meta Platforms' Instagram and Twitter see more pro-Israel content from Indian users, unlike TikTok.

Portfolio Pulse from Aaron Bry

November 10, 2023 | 9:57 pm

BYD

DIS

MGM

PDYPF

The Detroit Casino Council is urging the public to boycott four sports betting and online casino platforms associated with three casinos where workers are on strike. The platforms targeted for the boycott are FanDuel, ESPN Bet (soon to be launched), Hollywood iCasino, and BetMGM.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 8:54 pm

ATVI

MSFT

UBSFF

A lawsuit filed in Arkansas accuses Microsoft (MSFT), Electronic Arts (EA), Activision Blizzard (ATVI), Ubisoft (UBSFF), and Epic Games of enabling video game addiction to maximize profits. The suit, filed by a mother on behalf of her child, alleges the companies engaged in practices to get consumers addicted, including the use of loot boxes and pay-to-win transactions. The child spent $3,000 on in-game transactions, and the lawsuit seeks damages for injuries, economic loss, and legal fees. The case highlights industry practices and could have implications for the video game industry's monetization strategies.

Portfolio Pulse from Franca Quarneti

November 10, 2023 | 5:57 pm

GME

GameStop Corporation (NYSE:GME) has the potential to create a global peer-to-peer e-commerce platform for the gaming industry, leveraging its brand and NFT marketplace experience. The gaming industry, worth over $100 billion, includes video games, board games, card games, collectibles, and conventions. GameStop's notoriety from the 2021 stock events and its financial position with substantial cash and minimal debt could allow it to invest in this venture, potentially creating significant shareholder value and becoming the 'Etsy of all things game.'

Portfolio Pulse from Kevin Malone

November 10, 2023 | 5:49 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) has rolled out a new Xbox update that notifies players about games soon to leave the Game Pass service. The update provides a pop-up notification with the game's departure date, options to wishlist, and a 20% discount offer for purchase. This enhances user experience by streamlining the process of managing the gaming library. The update is applicable to both installed games and those played via cloud streaming.

Portfolio Pulse from Franca Quarneti

November 10, 2023 | 5:45 pm

AAPL

GOOGL