Spotify Technology SA will slow hiring in the coming months by 25 percent due to deteriorating macroeconomic conditions, Chief Executive Daniel Ek wrote in a memo to employees cited today (June 15) by various media. The audio-streaming service has been on a “hiring spree,” adding...
Telegram is set to debut a paid subscription plan for users later this month, the messaging app’s co-founder said Friday (June 10). Writing on the company blog, Pavel Durov said Telegram Premium would offer subscribers a higher limit for chats and file and media uploads....
Subscription-based businesses flourished during the pandemic as consumers largely confined to their homes sought ways to entertain themselves or continue buying deliverable items they needed for their households. Seeing an opportunity to develop long-term loyalty, these businesses typically allowed consumers to provide monthly payments in...
Subscription commerce may be a powerful tool for grocers to secure customer loyalty, but rising food costs stand in the way of merchants and their would-be subscribers. In this month’s edition of the Subscription Commerce Conversion Index, created in collaboration with subscription eCommerce platform sticky.io, which...
New findings in this month's "Subscription Commerce Tracker" show that making it difficult for subscribers to quit may actually backfire on businesses, with Wantable’s Jalem Getz saying "goodwill" goes a long way.
Consumers have started to rethink their finances, and subscriptions may be the first to go as they decide which to keep and which to quit. Many have grown accustomed to the convenience of subscriptions, however, and are willing to keep their subscriptions active if providers...
As consumers eat an increasing number of their meals at home, restaurants ranging from fine dining establishments to large quick-service chains are finding new ways to extend their offerings beyond the dine-in occasion. At its most basic, this takes the form of offering off-premise digital...
Disney said viewers who subscribe to the ad-supported version of its Disney+ streaming service will see only a limited number of ads when it debuts later this year. As The Wall Street Journal reported Tuesday (May 17), Disney said viewers should see about four minutes...
Software-as-a-Service platform Amdocs is expanding its work with payment services company Worldline to better serve its subscription merchants around the world, according to an Amdocs press release Wednesday (May 11). “The subscription economy is growing at a rapid rate, and today’s consumers demand a wide...
