Good evening!

Would you enjoy ordering your next meal from an AI voice recognition-enabled drive-thru? Well, I’ve got great news for you…

Here are the 7 things you missed today:

1.  🛩️ Boeing Appointed New CEO

After reporting a core operating loss of $1.4 billion in Q2 (more than triple the loss from a year ago), Boeing announced Robert “Kelly” Ortberg, former CEO of supplier Rockwell Collins, as its new CEO effective August 8. Ortberg replaces retiring CEO Dave Calhoun, who was criticized for the company’s safety and quality problems.

Read more here →

2. 💵 You’re Wasting Budget On Ads & Here’s Why

Traditional content is no longer enough to engage potential customers on social media, leading to wasted ad spend.

So, how do you really optimize your ad dollars? Our friends over at minisocial say, it’s effective content! Their platform pairs your brand with high-quality, micro-influencer creators who produce incredible, fully-licensed UGC.

Brands using minisocial have seen top-tier 1% CVR performance on TikTok ads and a 50% decrease in cost per add-to-cart.

With no commitments and fully managed campaigns, it’s ideal for CPG, eCommerce, and DTC brands.

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3. 💰 Meta Posted Q2 Earnings Report

The good news: Meta beat Wall Street estimates for revenue and profit, issued a better-than-expected forecast for the current period, and had shares jump about 7% as a result. The bad news: its Reality Labs, housing its metaverse tech, posted a $4.5 billion loss.

Read more here →

5. 💸 Reddit Wants Microsoft to Pay to Scrape Data

In a recent interview, Reddit CEO Steve Huffman said Microsoft and other search engines need to pay if they want to continue scraping the site’s data. Or, in Huffman’s more eloquent words: “it has been a real pain in the ass to block these companies.”

Read more here →

6.  🌮 Taco Bell is Hiring AI for its Drive-Thru

Taco Bell has been using an AI voice assistant to complete orders in more than 100 drive-thrus across 13 U.S. states – and now it’s ready to take it nationwide. By the end of 2024, if you want your late-night crunchwrap craving on the go, you’ll be ordering it from AI.

Read more here →

7.  🎟️ StubHub is Facing a New Lawsuit

Have you ever gone to order concert tickets only to realize at the last step that hundreds of dollars are added on in fees? Well, a new lawsuit from Washington, DC Attorney General Brian Schwalb says that’s a classic bait-and-switch scheme and deceptive advertising.

Read more here →

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