Apptopia: shoppers spent ~22 minutes per day on Temu in October 2023, up from 18 minutes in Q2 2023, vs. 10 minutes on Amazon and 11 minutes on AliExpress in Q2
1. Temu is successful because shoppers spend more time in its app than on Amazon and AliExpress. — 2. Temu could be more successful if shoppers could find what they want faster. [embedded post]
AI hasn't stemmed the yearslong startup downturn; PitchBook: US venture funding fell by almost half in Q2 2023, as generative AI investments rose 65% to $3.3B
Venture investors are realizing that generative artificial intelligence might not be enough to stem yearslong startup downturn
Airbnb reports Q2 revenue up 18% YoY to $2.48B, vs. $2.42B est., $650M net income, gross bookings up 13% YoY to $19.1B, and projects Q3 revenue above estimates
A reconciliation of non-GAAP financial measures to the most comparable … Twitter: @thetranscript_ : Airbnb with a double beat: “During Q2 2023, we had 115.1M Nights and Experiences Booked—our highest ...
The European Commission plans to propose a law in Q2 2023 aimed at improving cooperation between national regulators investigating cross-border GDPR violations
Clothilde Goujard / Politico :
Kuo: mass shipments of Apple's AR/VR headset may be delayed until H2 2023, from the previously estimated Q2 2023, due to “software-related issues”
Joe Rossignol / MacRumors :
Kuo: mass shipments of Apple's AR/VR headset may be delayed until H2 2023, from previously estimated Q2 2023, due to “software-related issues”
Mass shipments of Apple's long-rumored AR/VR headset may be delayed until the second half of 2023 due to unspecified “software-related issues …