Wayfair finally turns a profit thanks to COVID-19 spending surge – Fortune

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Written by Phil Wahba

Wayfair defied the cynics on Wednesday by finally reporting a profit after years of losses, bolstered by a surge in shopping from homebound consumers—but analysts warn the growth might be unsustainable.

The online home furnishings retailer …

By Jessica Yap-Chung
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TikTok’s next challenge: Instagram – LinkedIn

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Written by Kelli Nguyen

Instagram is taking on TikTok with the global launch of short-form video rival Reels. It debuted in 50 countries, including the U.S., on Wednesday, and Facebook is offering lucrative incentives to popular TikTok creators to woo …

By Jessica Yap-Chung
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Big Tech smashes expectations – LinkedIn

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Written by Alexander Besant

After Wednesday’s grilling of its CEOs by Congress, Big Tech quickly has reason again to celebrate. The stocks of Apple, Amazon, Facebook and Google parent Alphabet jumped Thursday after reporting earnings that exceeded Wall Street’s expectations. …

By Jessica Yap-Chung
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Takeoff Technologies CEO discusses developing grocery microfulfillment market – The Robot Report

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Written by Eugene Demaitre

The novel coronavirus pandemic has slowed demand for industrial automation in manufacturing, but it has also accelerated change in retail. One example is the growth of microfulfillment centers, which offer efficiencies for e-commerce and groceries. Automation …

By Jessica Yap-Chung
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AT&T’s 5G network is now nationwide. Here’s what that means – CNN Business

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Written by Clare Duffy

New York (CNN Business)AT&T’s 5G network is now available nationwide, making it the second major American carrier after T-Mobile to hit the milestone.

5G is the next generation of wireless network technology, and provides increased speeds …

By Maria Ordonez
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