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Temu takes all? Amazon sees big drop in online shoppers

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Amazon faces competition from rapidly emerging Chinese e-commerce player, Temu.

Temu has experienced significant growth in daily active users, adding 51.4 million between September 2022 and January 2024, while Amazon saw a decline of 2.6 million during the same period.

The two companies target different customer segments, with Amazon focusing on upscale clients valuing Prime services, while Temu attracts cost-conscious consumers seeking lower prices, despite potential sacrifices in delivery speed and product quality.

The battle between them hinges on their ability to meet customer needs and adapt capabilities accordingly, with Temu potentially challenging Amazon’s market dominance. As Temu gains traction, questions arise about Amazon’s future strategy and potential loss of users. Investors remain divided in their confidence, with Amazon’s stock rising while Temu’s parent company, PDD Holdings, faces a decline.

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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