PYMNTS-MonitorEdge-May-2024

subscriptions

The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product. The model was pioneered by publishers of books and periodicals in the 17th century, and is now used by many businesses and websites.

Source: en.wikipedia.org

Judge Rules SiriusXM Must Make It Easier to Cancel Subscriptions
Judge Rules SiriusXM Must Make It Easier to Cancel Subscriptions
November 22, 2024  |  Subscription Commerce

A New York state judge ruled Thursday (Nov. 21) that SiriusXM must change its subscription cancellation policies and pay unspecified damages. Justice Lyle Frank found that...

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AI App Race Intensifies as Tech Giants Vie for Consumer Attention
AI App Race Intensifies as Tech Giants Vie for Consumer Attention
November 15, 2024  |  artificial intelligence

Google’s quiet global rollout of its Gemini iPhone app on Thursday (Nov. 14) marks the latest move by tech companies to capture mainstream users seeking...

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Amazon Innovates on Alexa and ‘Hauls’ in a New Shopping Experience
Amazon Innovates on Alexa and ‘Hauls’ in a New Shopping Experience
November 15, 2024  |  Retail

With a nod to digital engagement and the fast-approaching holiday shopping season, Levi’s launched the Levi’s Jeans Fit Guide in Germany, using Amazon Alexa technology...

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Spotify CEO: Upping User Engagement and Expanding AI Use Paid Off
Spotify CEO: Upping User Engagement and Expanding AI Use Paid Off
November 13, 2024  |  Earnings

For Spotify founder and CEO Daniel Ek, the company’s third-quarter results reflect the momentum it’s built over the past year and the realization of long-term strategic goals....

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Neobank Dave Makes Business Model Changes in Wake of FTC Complaint
Neobank Dave Makes Business Model Changes in Wake of FTC Complaint
November 12, 2024  |  Earnings

Dave, the neobank and cash advance app singled out in an Federal Trade Commission (FTC) complaint last week, Tuesday (Nov. 12) announced compliance-oriented changes to...

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Facebook Slashes Price for Ad-Free Subscriptions in Europe
Facebook Slashes Price for Ad-Free Subscriptions in Europe
November 12, 2024  |  Subscriptions

Meta is lowering the price of ad-free subscriptions for European Facebook and Instagram users. The social media giant is reducing the price of those subscriptions...

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Lowe’s Targets Subscribers With Personalized Home Repair Support
Lowe’s Targets Subscribers With Personalized Home Repair Support
November 04, 2024  |  Subscriptions

The Lowe’s Digital Home Platform, announced by the home improvement retailer Monday (Nov. 4), gives members of the MyLowe’s Rewards program access to free, personalized...

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NY Times Sees Digital Subscriptions Slow as Consumers Cut Spending
NY Times Sees Digital Subscriptions Slow as Consumers Cut Spending
November 04, 2024  |  Subscriptions

The New York Times has reportedly seen digital subscriptions slow amid weakened consumer spending. The media company added 260,000 digital-only subscribers during its third quarter,...

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GoodRx Launches eCommerce Platform With Contraceptive Maker Opill
GoodRx Launches eCommerce Platform With Contraceptive Maker Opill
October 31, 2024  |  eCommerce

Online subscription platform GoodRx entered the over-the-counter market with its new eCommerce service. “The introduction of this new eCommerce service is part of GoodRx’s broader...

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