 WEEKEND ROUNDUP |
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Amazon and Whole Foods have failed to upend grocery Two years have passed since Amazon announced it was acquiring Whole Foods for $13.7 billion.
The news that Amazon was planning on competing in grocery worried some given its history of disruption in retail, but thus far it's been unable to dominate the industry.
In-store, Whole Foods' performance hasn't taken off under Amazon, and online, Amazon's presence actually roused competitors to action so they could match it.
Whole Foods has two characteristics that likely hinder its ability to overtake the industry, which may be why Amazon is opening a new grocery chain.
Business Insider Intelligence's Daniel Keyes has the full story. |
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| | | Dan Salmon scraped 7 million Venmo transactions between July 2018 and February 2019 as a warning to other users to set their accounts to private. Read More → |
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| | | After months of rumors, Facebook has finally unveiled Libra — its ambitious plan to transform how people use and send money globally using cryptocurrency. Read More → |
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| | | US semiconductor manufacturer Broadcom warned in its Q2 2019 earnings that its 2019 revenue will be $2 billion less than previously expected. Read More → |
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| | | Google has been working for years to roll out the Rich Communication Services messaging standard to devices across its Android ecosystem, but efforts have been stymied by telecom politics and reluctance toward change. Read More → |
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| | | Former Snap Chief Strategy Officer Imran Khan has introduced Verishop, an online marketplace that bills itself as "an e-commerce platform that combines quality curation and discovery — with the convenience you've come to expect." Read More → |
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| | | Walmart is on course to file more drone patents than Amazon for the second year in a row, according to BDO data. Read More → |
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| | | An ongoing lawsuit with CVS revealed that Amazon plans to leverage PillPack to sell prescription drugs directly to health plans and employers — an explosive move that would put Amazon in direct competition with pharmacy benefits managers. Read More → |
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| | | YouTube may overhaul how it distributes children's content across its main platform due to a late-stage FTC investigation into its practices surrounding collection and use of data on children under the age of 13. Read More → |
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| | | Sweden's Volvo, the world's second-largest truck manufacturer, is working with California-based graphics processor unit (GPU) designer Nvidia to develop self-driving trucks. The firms will build on Nvidia's Drive autonomous vehicle (AV) software stack and platform to train, test, and deploy AVs. Read More → |
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| | | Facebook has laid to rest months of speculation by unveiling details of its cryptocurrency, Libra — an ambitious plan to transform and potentially upend the financial services industry. Read More → |
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| | | Business Insider Intelligence identifies three countries — the United States, South Korea, and China — that are spearheading the 5G revolution. The report compiles 5G snapshots of the three countries, with each providing an overview of the market's telecoms space and details on what is contributing to — or hindering — its development. We look at the notable telecoms in each geography and identify their 5G launch efforts, as well as discuss what the opportunities are for each company. Learn More → |
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| | | Since its emergence at the start of the decade, blockchain has been heralded as one of the most transformative technologies for financial services. Despite the hype, sentiment around the technology has grown increasingly skeptical as financial institutions (FIs) struggle to realize the value of their investments. This report explores early blockchain successes and failures at four major banks, identifies the lessons these early wins — and losses — have for the rest of the financial services industry, and outlines actionable steps that industry players can take to ensure the success of their own blockchain projects. Learn More → |
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| | | In the 2019 edition of the Payments Forecast Book, Business Insider Intelligence will forecast growth in the major sectors of the payments ecosystem worldwide, with a particular look at the US market. The forecast book, presented as a slide deck, highlights change by region in areas like noncash transactions, e-commerce, card adoption, and terminal penetration, and examines key areas of change, including contactless transactions, fraud, and mobile payments. Within each category, it provides insight into what the market will look like in 2024 and identifies key factors that will accelerate and inhibit growth. Learn More → |
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Industry leaders are focusing on AI for customer service, while the rest of the industry is still streamlining processes. |  |
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Most US consumers can't see themselves purchasing products by voice. |  |
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US health pros are trailing behind Asian health pros in digital health adoption — and we doubt they'll catch up. |  |
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