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Roblox announced on Thursday that creators can now sell physical merchandise directly within their experiences and games on the platform with the launch of new Commerce APIs. The offering provides creators with a new way to generate revenue beyond the purchases of virtual goods or one-time fees to access specific experiences. The company first began…
The Federal Trade Commission voted Friday to delay enforcement of the Negative Option Rule — known widely as the “click-to-cancel” rule requiring companies to make it as easy to cancel a subscription as it was to sign up. The rule, which was first proposed in 2023, took aim at businesses selling physical and digital subscriptions…
Instacart CEO Fidji Simo is joining OpenAI as CEO of Applications, the ChatGPT maker said on Thursday. Simo, already a board member at OpenAI, will transition out of Instacart over the next few months and join the AI company full-time later this year. OpenAI CEO Sam Altman said he would continue in his role, overseeing…
Pinterest is upgrading its visual search feature with a handful of new capabilities. On Monday, the company announced it’s rolling out new functionality to improve its feature that allows users to search using an image instead of text. This includes new tools to more precisely narrow and refine searches, as well as those that make…
Chinese retailer Temu has shifted strategy in the face of U.S. tariffs. Through executive order, President Donald Trump has ended the so-called de minimis rule, which allowed goods worth $800 or less to enter the country without tariffs. He’s also increasing tariffs on Chinese goods by more than 100%, forcing both Chinese companies like Shein…
Like virtually every sector in the business world, the secondhand industry is grappling with the ramifications of President Donald Trump’s tariffs. However, based on the comments made by eBay and Etsy earlier this week, both don’t appear to be overly concerned. The companies recently reported Q1 2025 earnings results, both addressing the pressing topic of…
Apple CEO Tim Cook offered the company’s first comments on the impact of President Trump’s tariffs during Thursday’s second-quarter earnings call with investors. While the iPhone maker saw only “limited impact” from tariffs in the March quarter, Cook said Apple couldn’t forecast what that would mean for the coming quarter. However, if things remained the…
Grocery-delivery giant Instacart announced Thursday the acquisition of Wynshop, a provider of cloud-based e-commerce solutions for grocers. The deal will help Instacart improve its enterprise solutions, enabling retailers to enhance their online experiences. The company didn’t disclose deal terms. Wynshop launched its platform in 2020 and provides online storefronts for grocers, working with clients such…
When Deepankar Rustagi last raised money for OmniRetail in 2022, excitement was high for African startups addressing the supply chain and operational challenges in the fast-moving consumer goods (FMCG) sector. At one point, these startups received more capital than all sectors, except fintech. Recently, though, the industry’s enthusiasm and venture capital’s interest have faded, as…
Amazon is raising eyebrows with the timing of its big book sale for 2025, which runs from April 23 to 28 — which means it’s competing directly with Independent Bookstore Day. As writer Maris Kreisman explained in Lit Hub, Independent Bookstore Day is an annual event organized by the American Booksellers Association (ABA), with events,…