Here's the latest on Amazon's moves to expand its advertising business and the growing competition.
Amazon's ad business is big and growing
Advertising is a tiny sliver of Amazon's business, but it's one of the company's fastest-growing areas, up 32% in the fourth quarter, when it broke out its ad business for the first time. The tech giant continues to cut into advertisers' search budgets that mostly go to Google. It's also ramping up its audio and video sales pitch.
Marketers have complained that Amazon is tough to navigate. Amazon said its complex approach is by design, but has rolled out tools to make it easier for marketers to buy and measure ads. Nonetheless, its structure has spawned a cottage industry of firms that specialize in helping marketers navigate the site.
A Dollar Tree manager in Bremen, Indiana was fired from their job after posting a controversial sign outside of the store last week. The sign apologized for the store being closed, and then called out the teenage workers at the store.
Elon Musk, the world’s wealthiest man, who thinks tunnels are immune to natural disasters, is purchasing Twitter. The company confirmed on Monday afternoon that it had accepted the billionaire’s offer. “Twitter, Inc. today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion,” reads the official press release. “Upon completion of the transaction, Twitter will become a privately held company.”
As part of a lawsuit between shareholders and Elon Musk regarding his “funding secured” tweet, new text messages and emails between Musk and people involved have been released. The communications pretty much confirmed how most people saw the situation: Elon Musk took a meeting with the head of...
Click here to read the full article. Khloé Kardashian’s perfectly curated kitchen pantry (read: grocery store) is a slice of organized, structured Heaven that puts even the best kitchen storage solutions to shame. And if you’ve ever caught a glimpse of her color-coordinated fridge (and her urge to keep everything super neat and tidy inside it), the immaculate state of her pantry really should come as no surprise. Luckily for us, we can recreate some of the organizational magic with Aldi’s new glass storage containers.
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Jeff Bezos, the founder and former CEO of Amazon, and Elon Musk, the CEO of Tesla and soon-to-be owner of Twitter, don't strike me as best buds. The two men have competed over the past few years for the title of the world's richest man, a title Musk holds. They also sort of compete in space, with Bezos' Blue Origin competing against Musk's SpaceX.