B2B Digital Ad Spending to Jump Next Year

B2B ad spending will increase 13 percent in 2018 to hit $4.6 billion from this year’s estimated $4.07 billion, eMarketer has predicted. However, its proportion of all U.S. digital ad spending will remain unchanged at 4.9 percent, which implies growth in other digital ad spend areas as well. Desktops and laptops will continue to attract the bulk of B2B digital ad spend, according to eMarketer. They are expected to account for $2.54 billion this year. Mobile B2B digital ad spend, which is forecast to hit $1.53 billion this year, also will continue to grow.

The original article can be found here: http://www.ecommercetimes.com/story/85015.html?rss=1

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Bitcoin Surges Past $16K: Will the Bubble Burst?

Cryptocurrency bitcoin soared to $16,777 on Thursday, reaching a market capitalization of $274 billion, according to Bloomberg’s composite of exchanges. That was up from just $10,000 last week, and up some 1,500 percent from the beginning of 2017. The latest price increases have come as bitcoin increasingly has been recognized as a legitimate form of currency. The Commodity Futures Trading Commission last week announced that it would allow the trading of bitcoin derivatives on the CME Group and CBOE Global Market exchanges.

The original article can be found here: http://www.ecommercetimes.com/story/84993.html?rss=1

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Cyber Monday Sales Shoot the Moon

Online sales hit a new record of $6.59 billion on Cyber Monday — a 17 percent increase from the $5.6 billion in last year’s sales for the day — making it the largest online shopping day in history, based on Adobe Analytics data released Tuesday. Mobile shopping also broke records, starting with the channel’s first-ever $2 billion sales day. Smartphone shopping reached new heights, accounting for almost 38 percent of e-commerce visits and more than 21 percent of revenue.

The original article can be found here: http://www.ecommercetimes.com/story/84975.html?rss=1

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EU orders Amazon to pay 250 million Euros after getting illegal tax benefits

After ruling last year that Apple owed a whopping 13 billion to Ireland in back taxes, the European Union on Wednesday morning determined that Amazon received illegal tax benefits as well, this time in Luxembourg.

The original article can be found here: http://www.foxnews.com/tech/2017/10/04/eu-orders-amazon-to-pay-250-million-euros-after-getting-illegal-tax-benefits.html

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Apple readies $1B war chest for Hollywood programming

Apple Inc. has set a budget of roughly $1 billion to procure and produce original content over the next year, according to people familiar with the matter—a sign of how serious the iPhone maker is about making a splash in Hollywood.

The original article can be found here: http://www.foxnews.com/tech/2017/08/16/apple-readies-1b-war-chest-for-hollywood-programming.html

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Growth for Customer Loyalty Programs Slowing: Census

Membership in loyalty programs grew at 15 percent this year to total 3.8 billion, according to the recently published 2017 Colloquy Loyalty Census Report. The growth rate recorded in the 2015 loyalty census, when membership stood at 3.3 billion, was 26 percent. Growth has slowed because the United States is a maturing market, said Melissa Fruend, author of the report. Mergers and acquisitions in the grocery sector, which saw memberships plummet 24 percent from 188 million to 142 million, were another factor.

The original article can be found here: http://www.ecommercetimes.com/story/84657.html?rss=1

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Will Record Fine Cramp Google's Style in Europe?

The European Commission has walloped Google unit with a record $2.7 billion for giving its own shopping comparison site preference above smaller competitors, and thus abusing its dominant position as a search engine. Google must end the conduct within 90 days or face penalties of 5 percent of its average daily global revenue, the EC said. Commissioner Margrethe Vestager, who is in charge of regulating competition, said that Google’s actions were not limited to reasonable efforts to put out a better comparison shopping product than its rivals.

The original article can be found here: http://www.ecommercetimes.com/story/84645.html?rss=1

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Verizon Makes New Oath

Verizon last week completed its US$4.5 billion acquisition of Yahoo’s operating business assets, merging it with its existing AOL business to create Oath. The new subsidiary encompasses more than 50 media and technology brands — including HuffPost; Yahoo Sports, Finance and Mail; AOL.com; Makers; Tumblr; TechCrunch; Flickr; and Build Studios. Oath is organized around content: news, sports, finance, entertainment and lifestyle. Oath’s CEO is Tim Armstrong, who was CEO of AOL prior to the merge.

The original article can be found here: http://www.ecommercetimes.com/story/84620.html?rss=1

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Qualcomm Answers Apple's $1B Lawsuit, Files Counterclaims

Qualcomm has fired back with a response and counterclaim to Apple’s $1 billion federal patent suit filed earlier this year. Apple breached agreements and encouraged regulatory attacks in a scheme to coerce unfair licensing terms, Qualcomm claimed. Apple’s suit argues that Qualcomm used its dominant position in semiconductors to force it to pay billions in additional royalty payments for technologies like Touch ID or Apple Pay, or even added memory, which have nothing to do with the Qualcomm baseband processor chipsets used in mobile phones.

The original article can be found here: http://www.ecommercetimes.com/story/84453.html?rss=1

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Intel Bets $15.3B on Mobileye's Self-Driving Car Tech

Intel has agreed to acquire Mobileye, a developer of autonomous vehicle technology, for $15.3 billion in cash. Intel will integrate Mobileye’s computer vision and mapping technology for autonomous and semi-autonomous vehicles into its Automated Driving Group, to be led by MobileEye CTO Amnon Shashua. Intel SVP Doug Davis will oversee engagement across various Intel groups, and report directly to Shashua. The combined company will be the leading technology provider in the autonomous vehicle industry, said Intel CEO Brian Krzanich.

The original article can be found here: http://www.ecommercetimes.com/story/84372.html?rss=1

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Facebook is using AI to identify suicidal thoughts — but it's not enough, experts say

For many of its nearly 2 billion users, Facebook is the primary channel of communication, a place where they can share their thoughts, post pictures and discuss every imaginable topic of interest.

The original article can be found here: http://www.foxnews.com/tech/2017/03/09/facebook-is-using-ai-to-identify-suicidal-thoughts-but-its-not-enough-experts-say.html

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Federal IT Acquisition Worth $50B Cleared for Takeoff

A major federal acquisition opportunity with a potential contract value of $50 billion for information technology vendors is back on track. The General Services Administration recently resumed processing vendor applications after a legal challenge to the contract was resolved in its favor. As a result, the GSA this fall will reveal the names of approximately 60 vendors who will be eligible to participate in the Alliant 2 IT contract vehicle. The program is notable not only for the money involved, but also for a major contracting change.

The original article can be found here: http://www.ecommercetimes.com/story/84320.html?rss=1

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Toshiba Plunges on Massive Nuclear Writedown, Earnings Delay

Toshiba shares fell 8 percent on Tuesday as the company took a $6.3 billion writedown related to its struggling nuclear power business and delayed the release of its fiscal third-quarter earnings. Shigenori Shiga, Toshiba’s chairman and representative executive officer, resigned effective Wednesday, the company said. His resignation in part reflects management taking responsibility for the loss of goodwill and the impairment related to Westinghouse’s acquisition of CB&I Stone & Webster from the Chicago Bridge & Iron Co. N.V.

The original article can be found here: http://www.ecommercetimes.com/story/84306.html?rss=1

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Toshiba facing bankruptcy, total disintegration thanks to bad bets on nuclear power


Toshiba went into meltdown today, announcing a $3.4 billion loss, a write-down of $6.2 billion, and the collapse of its nuclear construction business. The firm, which employs more than 200,000 people worldwide, is facing bankruptcy.

The post Toshiba facing bankruptcy, total disintegration thanks to bad bets on nuclear power appeared first on ExtremeTech.

The original article can be found here: https://www.extremetech.com/computing/244441-toshiba-facing-bankruptcy-total-disintegration-thanks-bad-bets-nuclear-power?source=Computing

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Snap Seizes the Moment

Snap Inc. last week filed for a $3 billion initial public offering. The company’s private market valuation is $17.8 billion, but investors reportedly have valued it at between $20 billion and $25 billion. “Twenty-five billion dollars is just nuts, but that’s the market we’re in,” remarked Rob Enderle, principal analyst at the Enderle Group. “This could provide an opportunity for the big gambler investors, but better to watch for the high and then short the stock,” he suggested, because Snap’s prospectus “suggests profit will never arrive.”

The original article can be found here: http://www.ecommercetimes.com/story/84281.html?rss=1

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Google Gets Rid of 1.7 Billion Bad Ads

Google on Wednesday said it removed 1.7 billion bad advertisements from its various sites in 2016, more than double the prior year’s totals. Google took several steps to crack down on the deceptive advertising, including updating its policies to protect users from “misleading and predatory offers.” It also beefed up its technology to help identify misleading ads and remove them, according to Scott Spencer, Google’s director of product management, sustainable ads. A free and open Web is a vital resource, he noted.

The original article can be found here: http://www.ecommercetimes.com/story/84258.html?rss=1

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