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Stockreport

Temu Lures More Repeat Customers than EBay, Pressures Amazon [BNN Bloomberg (Canada)]

eBay Inc. (EBAY)  More Company Research Source: BNN Bloomberg
Last ebay inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ebayinc.com
An April survey of 1,000 consumers found that 34% of respondents buy something from Temu at least once a month, edging out eBay's 29%. Amazon.com Inc. remains the stand-out leader, with more than three of four respondents saying they shop there at least once a month, according to London-based online marketing firm Omnisend, which conducted the survey. Temu, a division of PDD Holdings Inc., has been advertising and discounting heavily to lure customers, who order products directly from China and typically wait a week or more to receive them. The company has aired two Super Bowl ads with the tagline, “Shop like a billionaire” and is omnipresent on social media. Burning money on expensive marketing and profit-eating discounts is a well-worn and risky startup strategy. The key to longevity is compelling first-time customers to become loyal shoppers — and Temu, so far at least, seems to have cracked the code. “It just shows how Temu's aggressive marketing — like Super Bowl commercials [Read more]
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Stockreport

Temu Lures More Repeat Customers than EBay, Pressures Amazon [BNN Bloomberg (Canada)]

eBay Inc.  (EBAY) 
More Company Research Source: BNN Bloomberg
Last ebay inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ebayinc.com
An April survey of 1,000 consumers found that 34% of respondents buy something from Temu at least once a month, edging out eBay's 29%. Amazon.com Inc. remains the stand-out leader, with more than three of four respondents saying they shop there at least once a month, according to London-based online marketing firm Omnisend, which conducted the survey. Temu, a division of PDD Holdings Inc., has been advertising and discounting heavily to lure customers, who order products directly from China and typically wait a week or more to receive them. The company has aired two Super Bowl ads with the tagline, “Shop like a billionaire” and is omnipresent on social media. Burning money on expensive marketing and profit-eating discounts is a well-worn and risky startup strategy. The key to longevity is compelling first-time customers to become loyal shoppers — and Temu, so far at least, seems to have cracked the code. “It just shows how Temu's aggressive marketing — like Super Bowl commercials [Read more]
IMPACT SNAPSHOT
EVENT TIME:
EBAY
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS