Zomato Beats Uber Eats as the Most Popular Food Delivery App in 2022 with 55 Million Downloads Worldwide Jastra Kranjec March 20, 2023 The food delivery market has snowballed over the past five years, led by food delivery giants like Uber Eats and DoorDash. And while the two apps hold the biggest market share, both have been beaten by the Indian Zomato in total downloads. According to data presented by TradingPlatforms.com, Zomato was the most popular food delivery … Read more
Netflix Eats Up 15% of Global Downstream Traffic, almost as YouTube and TikTok Combined Jastra Kranjec March 14, 2023 The billions of dollars Netflix invested in video content last year have paid off, helping the streaming giant to beat even its own expectations. Besides adding more than ten million new subscribers in the second half of 2022 and reporting better than expected revenue, Netflix also had the largest share of global internet traffic. According … Read more
Cybercrime the Biggest Risk to Businesses in 2023, Ahead of Supply Issues and Inflation Jastra Kranjec March 8, 2023 For years, cybercrime has been one of the biggest risks to businesses, compromising sensitive data and causing brutal financial losses to companies worldwide. Despite many headwinds and challenges the business sector faces in 2023, cybercrime remains the number one threat. According to data presented by TradingPlatforms.com, with a 34% share among respondents, cybercrime is the … Read more
Over 2.85 billion People to Use Online Food Delivery in 2023, Revenues to Jump by 20% YoY to $910B Jastra Kranjec February 27, 2023 The swelling food costs have become a major problem for consumers worldwide. With Food Prices Index at record levels buying even basic groceries has become an issue for households around the globe. However, food price inflation doesn`t seem to affect the online food delivery market, which is set to reach record revenue and users. According … Read more
Global Spending on PCs, Tablets and Mobile Phones to Drop by 5% in 2023, Following a 10% Decline Last Year Jastra Kranjec February 22, 2023 As inflation continues to crumble consumer purchasing power, the global demand for IT devices, such as PCs, tablets, and mobile phones, remains low. With consumer spending budgets cut down, and massive layoffs across industries, global spending on IT devices is set to drop for the second year in a row. According to data presented by … Read more
Meta’s Metaverse Division Lost $35B in Four Years Jastra Kranjec February 12, 2023 While Mark Zuckerberg may believe that the future of his company lies in the metaverse, the truth is project is costing Meta and its shareholders billions of dollars. According to data presented by Trading Platforms, the four-year operating loss of Meta’s Reality Labs division, home to the company’s virtual reality technologies and projects, climbed to … Read more
Tech Companies Laid Off more than 75,000 People in January Alone Jastra Kranjec February 5, 2023 The massive wave of layoffs in the tech industry has shut down tens of thousands of workplaces in a matter of weeks and turned January into the hardest month this sector has ever seen. According to data presented by Trading Platforms, tech companies laid off more than a shocking 75,000 people in January alone. The … Read more
Digital Payments Still Surging; Total Transaction Value to Grow by 13% YoY to $9.5T in 2023 Jastra Kranjec January 29, 2023 Even three years since COVID-19 triggered a boom in digital payments, the entire market continues surging, reaching a new record transaction value and more users than ever before. According to data presented by Trading Platforms, the total transaction value in the digital payments sector is expected to grow by 15% year-over-year and hit almost $9.5trn … Read more
Amazon`s Stock Value Slumped 45% in a Year; $670B Wiped off its Market Cap Jastra Kranjec January 24, 2023 After years of impressive growth that turned them into trillion-dollar companies, the Big Five tech giants saw their stock prices slump last year, dragging the whole market down. However, the eCommerce giant Amazon was among the hardest hit. According to data presented by Trading Platforms, Amazon`s stock value slumped 45% year-over-year, with $670bn being wiped … Read more
Tesla`s $860B Market Cap Drop Twice Bigger than Combined Valuations of Toyota, Volkswagen, and General Motors Jastra Kranjec January 16, 2023 The world’s most valuable car maker Tesla has had a rough year, losing almost 45% of its stock value between January and November 2022. But things went from bad to worse when the company’s market cap dipped by another 40% in December alone, causing the worst stock value drop the car industry has seen in … Read more
