Connected Economy

Connected Economy
Half of Millennials Use Dating Apps Every Day
May 04, 2023

Dating apps have never been more popular, with more than 60 million downloads last year in the United States. PYMNTS’ research finds that their use has risen 7% over the past year to 28% in March 2023, a share that represents 73 million consumers. Over half of these...

Connected Economy
73% of Millennials Still Live Paycheck-To-Paycheck But Savings Cushions Are Rising
May 03, 2023

As millennials enter new life phases like home ownership and parenthood, those added financial pressures make this high-earning demographic most likely to live paycheck to paycheck. However, they are learning how to better manage finances despite it. In the latest New Reality Check: The Paycheck-to-Paycheck Report...

Connected Economy
Consumers’ Mid-Inflation Shift to Home Cooking Creates Contextual Commerce Opportunities
May 01, 2023

As consumers seek budget-friendly alternatives to dining out, shoppable recipes are catching on, according to Chicory. The contextual commerce platform, which announced last month the expansion of its partnership with publishing giant Hearst to offer all its ad solutions across 17 of the media company’s...

Connected Economy
Meta’s Surge Offset by Snap’s Losses as CE 100 Index Slips 0.7%
May 01, 2023

Every three months, like clockwork, earnings season settles in. As May dawns and the first quarter is behind us, investors get to take stock of the state of the U.S. consumer, enterprise spending — and what’s to come. To that end, the CE 100 Index...

Connected Economy
Tesla’s Slide Blunts XPO’s Gains as CE 100 Index Slips 0.5%   
April 24, 2023

Earnings season has begun in earnest, and a cavalcade of income statements and webcasts with analysts will mark the next few weeks. Volatile stock price movements drove the CE 100 Index to a virtual standstill, off 0.5% for the week.  Communications names were 5% lower,...

Connected Economy
Platforms, Not Creators, Reap Financial Rewards of Creator Economy
April 23, 2023

The creator economy is apparently leaving a bulk of creators out in the cold. In an opinion piece published Saturday (April 22) by the Financial Times, Leo Lewis argues there is a “stunning concentration of revenues” on a small number of Gen Z creators, and...

Connected Economy
Nearly 4 in 5 Consumers Screen Dating App Matches on Social Media
April 21, 2023

Bumble. Tinder. Hinge. MeetMe. Grindr. Plenty of Fish. Every month, 73 million consumers across the United States log in to dating apps like these to search for dates, hookups and partners, and 25 million of them log in every single day. Meeting via app is...

Connected Economy
Twitter’s X Everything App Needs Consumer Trust to Succeed 
April 17, 2023

The tech guru’s newest venture aims to be everything to everyone. But is it possible? Months of rumblings kicked off in November with Twitter reportedly filing with the Financial Crimes Enforcement Network to begin the registration process for processing payments. This first step for the...

Connected Economy
CE 100 Stock Index Inches Up 0.6% as Bank Earnings Roll In 
April 17, 2023

Earnings season is here. And as is always the case, big banks kicked things off. The CE 100 Index gained a scant 0.63% through last week, as quarterly reports from JPMorgan Chase and Citigroup, part of our pantheon of connected economy stocks, helped drive the...