Daily Crunch - E-commerce sales surge

Monday, June 8, 2020 Posted by bloggerdaddy
TechCrunch Newsletter
TechCrunch logo
The Daily Crunch logo

Monday, June 08, 2020 By Anthony Ha

eMarketer tries to quantify the rise of e-commerce, Reddit’s co-founder steps down from the board and SpaceX focuses on its next-generation spacecraft.

Here’s your Daily Crunch for June 8, 2020.

US e-commerce sales to jump 18% in 2020, but not enough to offset retail's decline

U.S. e-commerce sales will jump 18% this year due to the impact of the coronavirus pandemic, according to a new forecast released today by eMarketer. However, the surge in new online orders won't make up for the overall hit that the U.S. retail sector will take this year, the firm noted.

Total U.S. retail sales are projected to drop by 10.5% in 2020, to $4.894 trillion. That’s steeper than the 8.2% drop last seen in 2009, during the financial crash and recession.

Read more

US e-commerce sales to jump 18% in 2020, but not enough to offset retail's decline image

Image Credits: Rafe Swan / Getty Images

Can Machines Make Marketing More Human?

Sponsored by Acquia

Machines excel at segmenting data; Humans love personalization. Successful brands tie them together by bringing a human touch to tech.

Read more

Alexis Ohanian steps down from Reddit board, asks for his seat to go to a black board member

Ohanian is calling on the company he co-founded to fill his position with a black board member, a high-profile step for an organization with a rocky track record around issues of race. "I believe resignation can actually be an act of leadership from people in power right now," he said in his announcement. "To everyone fighting to fix our broken nation: do not stop."

Read more

Elon Musk says Starship is now SpaceX's top priority

SpaceX CEO and founder Elon Musk says that after accomplishing its first human launch, the company's primary focus going forward will be developing Starship, its next-generation spacecraft. According to an internal email seen by CNBC, Musk said that Starship is job one for the company — with the exception of ensuring that everything goes well with the forthcoming return of the Crew Dragon capsule from the International Space Station.

Read more

Elon Musk says Starship is now SpaceX's top priority image

These free tools blur protesters' faces and remove photo metadata

In the past week, developers have rushed to build apps and tools that let protesters scrub hidden metadata from their photos, and mask or blur faces to prevent facial recognition systems from identifying protesters.

Read more

TechCrunch's top 10 picks from Techstars' May virtual demo days

Over the past few days, TechCrunch has been catching up by watching the video pitches from May’s five presenting demo classes, including the Lisbon demo day, its Seattle batch, the Los Angeles-based music-focused group, the Air Force-sponsored accelerator and the Cox Enterprises Social Impact Accelerator. (Extra Crunch membership required.)

Read more

TechCrunch's top 10 picks from Techstars' May virtual demo days image

India's Reliance Jio Platforms to sell $750 million stake to Abu Dhabi Investment Authority

The three-and-a-half-year-old digital unit of oil-to-retail giant Reliance Industries — the most valuable firm in India — has now secured nearly $13 billion from seven investors, including Facebook, as well as U.S. private equity firms Silver Lake and General Atlantic, by selling close to a 20% stake.

Read more

This week's TechCrunch podcasts

This week’s regular Equity episode turns away from funding news to discuss systemic racism in the United States, while the Monday news roundup turns back to the latest tech headlines, such as good news for Airbnb. And over at Original Content, we review the new Netflix series “Space Force.”

Read more

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

See more jobs on CrunchBoard

Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

Facebook Twitter Youtube Instagram Flipboard

View this email online in your browser

Privacy Policy | Terms of Service | Unsubscribe

© 2020 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103

Labels:

Post a Comment