Ecom Influence

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TL;DR

• Amazon layoffs continue - They’ve come for Twitch

• Subscribe & Save - Eligibility checker now available

• Temu - rips off designers (shocker)

• Fedex - Launches an E-com Platform? FDX

• TikTok Shop - crosses $10B in in-app spending

• Local Sports - Amazon going after local sports company

Stock Prices

Quick Hits

Amazon - recently laid off 35% of Twitch (500~) with additional large cuts expected in the Prime Video division and others. Amazon has already laid off over 27,000 in the past year.

Temu - We all know alibaba and amazon quickly get filled with knockoffs and that Shein is notorious for ripping off designers, so no real surprise we’re seeing it on Temu too.

Fedex - has decided to take a page out of the amazon playbook to launch a “data-driven commerce platform” this fall called fdx that it says will give online merchants “end-to-end e-commerce solutions.”

Listing of the Week

I’ll have one ready for you next week.

SORRY

Thread of the Week

Product Main image here:

Everything Else

Subscribe and Save Updates

Have you seen amazon’s new subscribe and save checker? Head to the SnS dashboard, look over to the far right and you should see this option.

Amazon Goes After Local Sports

What is Diamond Sports?

Diamond Sports is a major broadcaster in local regions for the MLB, NBA and NHL. They recently went through bankruptcy and amazon didn’t miss a chance to grab a 15% stake in the new entity for a $115 MILLION.

Why does amazon want a piece of Diamond?

Local sports is still a major driver of tv subscriptions and amazon will do anything to drive more people to Prime. Diamond has the rights to 37 teams across the 3 of the 4 major leagues and Amazon will want those games on the platform.

Shipping Costs Going Up?

The Red Sea is a narrow strip of water that borders Yemen and a ton of global shipping moves through it. With current conflict in the Middle East, a terrorist group in Yemen have decided to start shooting missiles at cargo ships.

Houthis (the terror group shooting at ships) have managed to drive up insurance rates globally for cargo containers and cause a number of cancellations and route changes. All of which you can expect to cost you money….