Shopify and Unity Face Market Pressure as Tech Stocks Slide Amid AI Spending Concerns
Shares of Shopify and Unity fell sharply this week as investors reassessed growth-heavy tech companies amid broader market volatility. According to a report from The Information, both companies were hit during a wider sell-off driven by concerns over AI spending levels, profitability timelines, and slowing enterprise demand. The decline reflects a broader investor shift away […]
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Etsy Sells Depop to eBay for $1.2 Billion
Etsy is selling secondhand fashion marketplace Depop to eBay for $1.2 billion, marking a strategic reset for the handmade goods platform. The deal, reported by TechCrunch, comes as Etsy refocuses on its core marketplace and as eBay doubles down on recommerce and Gen Z shoppers. The sale also reflects shifting economics in the resale market, […]
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ChatGPT Referrals to Retailers and Apps Jump 28% Year Over Year, Report Finds
ChatGPT is no longer just answering homework questions or drafting emails. It is increasingly sending users to retailers and mobile apps. According to a report cited by TechCrunch, referrals from ChatGPT to retail websites and apps increased 28% year over year, signaling that generative AI is emerging as a meaningful discovery and traffic channel for […]