Zoom will remove time limits on Thanksgiving, TikTok gets a temporary reprieve, and Squarespace adds new monetization options.
Breaking up is hard to do. On Valentine's Day, Amazon and New York City "consciously uncoupled" when Amazon announced that it would not build a new headquarters - known as HQ2 - in New York City after all. In a statement, Amazon (NASDAQ: AMZN) said it was backing out of the agreement because of the lack of support and pressure it felt from state and local politicians. Without political support and collaboration among key stakeholders, building a new facility would have been challenging at best.
Last week AARP announced the launch of 'Staying Sharp,' a subscription for people of all ages to help them assess their brain function and lifestyle and to provide them with tools to improve their overall health. Taking a cue from millennials who track health and fitness online while connecting with others, Staying Sharp addresses a broad, new audience for AARP in an effort to help it remain relevant and sustainable.
Want to turbo charge your membership business? Robbie Kellman Baxter, author of The Membership Economy, walks us through what membership-focused organizations can learn from other business models and teaches us how to leverage and apply ideas to our own membership & subscription businesses in the on-demand webinar.
We hope you had a great Thanksgiving weekend! In this weeks Five on Friday, PYMTS reports that consumers are fighting "subscription friction" as retailers like Adore Me use deceptive practices to sign up subscribers, CNBC explores how media outlets are getting people to pay for news, Quip raises another $40 billion for subscription dental services, Google considers shutting down Google News in the EU to avoid being taxed on links and, as YouTube waffles on whether or not it should have subscriptions, it offers student deals on YouTube and YouTube Music.
One of the things we enjoy most about the subscription industry is that it is always evolving. We love watching the trends, the course corrections and the innovation that come with the industry as it matures too. That's why this week we are focusing on our subscription predictions for 2020: streaming video on demand, newspaper and magazine publishing, vehicle subscriptions, subscription boxes and regulations that affect subscription companies (e.g., privacy laws, business practices, etc.).
In a highly unusual quarter, Amazon reports net sales of $88.9 billion, a 40% increase year-over-year. Online grocery sales tripled during the quarter.
After attracting 340K readers in the fashion, luxury and beauty industries in 18 months, Vogue Business has launched a membership program.
Urban Outfitters is the latest retailer to test a tiered, paid membership program, starting in Atlanta and Dallas.
The Thanksgiving holiday weekend was record-breaking for Amazon (NASDAQ: AMZN) with Cyber Monday being the biggest shopping day in company history with more products being ordered globally than on any other day. Over the five-day holiday shopping weekend or "Turkey 5," Thanksgiving through Cyber Monday, customers around the world purchased more than 18 million toys. On Black Friday and Cyber Monday, Amazon customers bought more than 13 million fashion items.