#1 | The race is on: Uber and Lyft aiming to be traded at the stock exchange
It’ll be very interesting to know who will be the first to enter the stock market. Uber is one of the most valuable company and has some pretty impressive numbers. But since Lyft is smaller their paper work may be quicker to go through….Read more here: http://bit.ly/2SL0WYL
#2 | Walmart acquired Art.com to challenge Amazon’s e-commerce dominance
20-year old company Art.com has about $300m in annual revenue. It’s the world’s largest online retailer in the art and wall decor category. Even more important; the qcquisition gives Walmart an immediate and profound anchor in the art and wall decor market which is about $10B large. Walmart plans to operate Art.com as its own domain. Furthermore, the products will be integrated on the Walmart website.
Read more here: http://bit.ly/2PC8Q4F
#3 | Microsoft’s global quest for a facial detection technology code of conduct
Facial recognition is already fairly ubiquitous. So before it is too late Microsoft President Brad Smith requests fellow technology companies to help address the various challenges around facial recognition technology before it becomes too pervasive. Smith points to potential pitfalls: biased outcomes, invasion of privacy and mass surveillance. As Microsoft is looking to set the tone here, the company commits to its own code, which it plans to implement by the first quarter of 2019.
Read more here: https://tcrn.ch/2Cc58LW
#4 | 2019 will have new interesting development in retail in store for us
The retail predictions for 2019 are manifold … let’s digest our top 3 and reiterate in 365 days how real they have become?!
1. Amazon Go will become real. Back in September Bloomberg reported that by 2021 3,000 of these stores will be available…
2. Facebook will enter the retail market… because Facebook knows what consumers implicitly want better than the users know themselves. This is because consumers tell Facebook far more about themselves, by way of their social media activity, than they tell Amazon and Google.
3. To stay competitive, Walmart und Macy;s will continue to implement modern technology… having further deep dives on robotics, immersive technology and all the other fancy tech stuff out there!
Read more: http://bit.ly/2LftXcK
#5 | Amazon Basics now also offers Private Label Toys for Toddlers and Kids
Currently, there are a few product listing pages for AmazonBasics toys now, but if the past is any indication, we would expect Amazon to methodically ramp up its private label toy inventory.
The implications are manifold… After the news of Amazon’s plans surfaced, Mattel shares dropped more than 3% and Hasbro shares dropped more than 1%.
Read more here: http://bit.ly/2rwTogS