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Decorations are starting to go up, Mariah’s singing on the airwaves, and Thanksgiving turkey is so close you can almost taste it – the holiday season is HERE, y’all.
And you know what that means. The holiday shopping season is also here. Over the next two months, nearly 217 million Americans will spend an estimated $178+ billion on gifts for friends and loved ones.
Enter: Google, the place where 46% of all product searches start, which on Tuesday announced a series of new shopping features that will be rolling out just in time for the holidays.
📸🔍 Big picture: Google’s focus on improving its online shopping experience comes at a time when, like Mario on a banana peel, its dominance of search may be slipping. More product searches now start on Amazon (54%), and the wildly-popular TikTok is working to augment both its search and e-commerce functionalities.
💰🏠 Many of the over 100 million Americans currently renting a home or apt could see changes to how they pay rent starting next year — and we're not talking about a new job or roommate.
🐦 Elon Musk closed his $44 billion deal to buy Twitter late on Thursday night. Here's what’s happened since then.
🚂 Two unions have now voted to reject a Biden administration-brokered agreement between rail workers and freight railways, bringing back the possibility of a nationwide strike. And if that happens, the US economy is looking at a more than $2 billion hit… per day.
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