Happy Tuesday CEO!

While you were busy growing your empire…

1. 🔥 Temu Burned Cash

In the rush to win Black Friday, Temu is spending big bucks to compete with the likes of Shein and Amazon. Ultra-cheap marketplaces have become big business, and everyone wants to come out on top. Read more here.

2. 📆 Black Friday Is Already Diluted

Speaking of Black Friday, this year it may not have its usual punch with brands starting their sales earlier and holding some deals for closer to Christmas. Black Friday has become more of a season than a day. Read more here.

3. 🤑 Binance CEO Out

Binance founder Changpeng Zhao has pleaded guilty to criminal charges in the US and subsequently stepped down as CEO. The Attorney General said those crimes helped Binance become the world’s largest cryptocurrency exchange. Read more here.

4. 💉 Ozempic ETF Debuted

A new ETF designed to cash in on weight loss innovations hit the market today. It contains companies involved in anti-obesity and cardiovascular-related treatments, further showing that this industry impacts more than dress sizes. Read more here.

5. 🙂 Millennials Put A Price On Happiness

A new survey found that the average person thinks a $284,167 annual salary to be happy. Millennials want the most at $525,000, though Gen Z will settle for $128,000. Good luck fitting that into the budget. Read more here.

Produced by: @MarketingMax​

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