Thursday, November 2nd

Important news for busy CEOs

Happy Friday CEO!

While you were busy growing your empire

1. 🎄 Holiday Sales Look Merry

Holiday retail sales are expected to grow 3% to 4% this year to the tune of $957 billion in total, according to the National Retail Federation. While that’s more subdued than during the pandemic, it signals a merry season for commerce… You might wanna stock up on inventory. Read more here.

2. 📰 Microsoft Botched AI News

Microsoft is receiving criticism for embedding an AI poll next to an article about a woman’s death that asked people to speculate how she died. Take that as a reminder that AI sometimes needs a human eye to avoid such things… Read more here.

3. 👀 Inside Amazon’s Secret Algorithm

An unredacted version of the FTC’s lawsuit against Amazon revealed “Project Nessie,” an algorithm that allegedly raised prices and earned Amazon $1.4 billion. That’s the type of anti-competitive behavior that could see Amazon lose this one… Read more here.

4. 🚗 Uber And Lyft Must Pay

Both Uber and Lyft now owe millions after a wage theft investigation by the New York attorney general’s office, which said the companies “systematically cheated” drivers. This is just one example of the gig economy crackdown… Read more here.

5. 🤦🏼‍♀️ AI May Hurt Women’s Jobs

A new study found that 7.8% of jobs held by women could be automated by AI, compared to 2.9% of jobs held by men. This matters in many ways, including how it could impact women’s economic power… Read more here.

Bonus. Stat Of The Day

At least 59 million adults in the US participated in the gig economy in 2020 — 36% of the total workforce.

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Produced by: @MarketingMax​

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