Shopifreaks E-Commerce Newsletter

If you're short on time to read this week's full edition of Shopifreaks E-Commerce Newsletter, here's a summary recap of the 188th Edition. This week's edition covers: ➡️ Recording breaking spend on mobile devices ➡️ Shopify's partnership with YouTube Shopping ➡️ Peloton Interactive's new fee on secondhand sales ➡️ IKEA launches a preowned marketplace ➡️ Instacart's new money saving features ➡️ Adyen offers Fastlane by PayPal ➡️ Are Amazon drivers employees or contractors? ➡️ SHEIN is suing Temu again ➡️ DC's antitrust case against Amazon is back ➡️ TikTok's holiday shopping guide for merchants ➡️ CEOs new love for selfie videos All this and more in this week's recap. Repost if you learned something new! #ecommerce #shopify #youtube #google #temu #shein #bigcommerce #retail #tech #ecommerce #ecommercenews #commerce #CEO #amazon #amazondrivers #unions #newsletters #tiktok #bytedance #BNPL #peloton #ikea

We’re thrilled to announce that Triple Whale is now available for BigCommerce brands! 🚀 This partnership is a game-changer for ecommerce businesses looking to scale with accurate data and AI-driven insights. Read more about our new partnership: https://bit.ly/4dW1zrZ #BigCommerce #TripleWhale #ecommerce #dataplatform #partnership

The first episode of the Shopify Happy Hour podcast is LIVE! Our first guest was Paul Drecksler of Shopifreaks E-Commerce Newsletter who shared some amazing insights including: - under-the-radar apps that can add margin and reduce friction for Shopify brands - one underrated marketing strategy every Shopify biz should be using - micro-channels for new customer acquisition And lots more... Check it out on all major podcast apps / players and leave a review if you like what you hear 🎙️😎🎙️ Apple: https://lnkd.in/exW5-SfM Youtube: https://lnkd.in/eMSg2ieN Spotify: https://lnkd.in/e24DuZ76 #shopify

X hit with a $61M lawsuit over unpaid IT infrastructure Taiwanese IT infrastructure provider Wiwynn is suing X for non-payment for $120M in components it procured for the business. The company was able to recoup some of the costs and is suing for $61M that it says is still owed by X. According to the complain, Wiwynn had a purchase agreement with X, formerly Twitter, that dates back to September 2014, but the company stopped honoring its agreement after Musk's acquisition in 2022. What a shocker!

The UK’s competition watchdog accepted Metas’s data privacy changes The UK's competition watchdog accepted Meta's proposed changes to the way it uses the data of customers advertising on its platform after Meta pledged to limit its use to prevent it from gaining an unfair advantage. Under the original commitments, Meta advertisers could opt-out of their data being used to improve Facebook Marketplace ,while the new proposal ensures that all of Facebook Marketplace's advertisers' data will not be used (ie: no having to opt-out).

Sustainable delivery startup The Rounds raises $24M to expand to new markets The Rounds, a startup that delivers recurring grocery and household items in reusable packaging, raised $24M in a Series B round led by Moderne Ventures, bringing its total amount raised to $66M. Alongside the funding announcement, the company introduced new features for customers including the ability to make one-time purchases (instead of just subscriptions) and the flexibility of choosing their delivery day. It also enhanced its AI algorithm to provide better predictions on when customers would need their products restocked. The Rounds delivers packages in reusable bags and refillable containers and uses what it calls a “reverse logistics” system where customers leave their empty containers on their doorstep for delivery workers to return, sanitize, and recirculate. The Rounds is currently available in Atlanta and Philadelphia with plans to expand to a couple more markets soon. 

TikTok continues to grow rapidly in the EU A new report by TikTok reveals that the social media platform is continuing to grow in the EU. TikTok disclosed that it had an average of 150M monthly active users in the European Union between February 2024 and July 2024. During the same period last year, TikTok reported 134M users. TikTok is releasing these reports in accordance with its obligations under the Digital Services Act.

Adyen will offer Fastlane by PayPal checkout to its enterprise and marketplace customers Adyen and PayPal are partnering up to offer the Fastlane by PayPal checkout experience to Adyen's enterprise and marketplace customers. Fastlane is a new guest checkout experience that allows customers to make purchase using their saved payment info without having to log into their account on an e-commerce website. The rollout will begin with Adyen's customers in the US and then extend globally. PayPal introduced Fastlane in January and expanded its availability earlier this month to any business using PayPal's Complete Payments or Braintree platforms.

AWS CEO Matt Garman says most developers can stop coding soon as AI takes over In a leaked recording, Amazon Web Services CEO Matt Garman told employees that software engineers may have to develop other skills when AI takes over most coding tasks. Garman shared his thoughts on the topic during an internal fireside chat in June, according to a recording of the meeting obtained by Business Insider. He noted, “It just means that each of us has to get more in tune with what our customers need and what the actual end thing is that we're going to try to go build, because that's going to be more and more of what the work is as opposed to sitting down and actually writing code.”

PayPal to leverage the iPhone’s NFC capabilities to challenge Apple in the EU PayPal is developing a mobile wallet for EU users by taking advantage of the iPhone's newly opened-up NFC capabilities in the region. During a recent earnings call, PayPal CEO Alex Chriss noted that some of the changes coming in Europe around NFC would open opportunities for the company, and that PayPal would be prepared to “play in that space.” Moving forward in the EU, consumers will be able to set a third-party wallet as their default on the iPhone instead of Apple Wallet, as part of Apple's compliance with new regulation. Which mobile wallet will you choose?