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From big-box chains Walmart (WMT.N) and Best Buy (BBY.N) to specialty retailers like Savage X Fenty and Adore Me, retailers' subscription programs are facing growing scrutiny. Amazon is under fire from the U.S. Federal Trade Commission, which filed a lawsuit against it in Seattle. Amazon "substantially revamped its Prime cancellation process" to some customers before the lawsuit was filed, according to the complaint. He withdrew the lawsuit, according to the court docket. Best Buy in 2021 launched a subscription program offering tech support and discounts on products.
Persons: Amazon, William Kovacic, Kathleen Benway, SAVAGE, Savage X, Savage, Ranjan Roy, Me's, Morgan Stanley, Spencer Sheehan, Arriana McLymore, Kate Masters, Siddharth Cavale, Muralikumar Organizations: YORK, Amazon.com Inc, Euromonitor Inc, U.S . Federal Trade Commission, FTC, Amazon, George Washington University Law School, FTC's, Consumer, WALMART, BEST, Walmart, Thomson Locations: Seattle, United States, U.S, Europe, California, Michigan, New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's stock popped because Zuckerberg de-prioritized the metaverse, says Margin's Ranjan RoyRanjan Roy, Margins co-founder, joins 'Squawk Box' to discuss the digital advertising market recovery, if Meta's metaverse ambitions will continue, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSnap's weak guidance is symbolic of overall economic caution and headwinds, says Margins' Ranjan RoyRanjan Roy, Margins editor, joins 'Squawk Box' to discuss why brands aren't advertising right now, if Snap's advertising business model has ever been good and if Snap has the scale that investors want.
Meta to devote 20% of funds to the Metaverse in 2023
  + stars: | 2022-12-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta to devote 20% of funds to the Metaverse in 2023Ranjan Roy, editor at Margins, joins 'TechCheck' to discuss predictions for social media brands in 2023, the potential for a TikTok acquisition and social media companies with strong positioning heading into 2023.
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