U.S. Digital Spending Just Passed the $1 Trillion Mark for the First Time February 14, 2023 - Baystreet.ca E-commerce is big business. And there’s nothing really standing in its way to get even bigger. According to a ComScore report, State of Digital Commerce, U.S. digital spending jumped about 11% just in 2022 to $1.09 trillion from $904.3 billion in 2021. That, according to ChainStorage.com, represents the first time that digital spending passed the $1 trillion mark. That’s all great news for companies, such as Moovly Media (TSXV: MVY) (OTC: MVVYF), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Meta Platforms (NASDAQ: META). Better, according to Forbes.com, the U.S. e-commerce market will be worth more than $1.1 trillion this year. Meanwhile, the global e-commerce market is expected to balloon to $6.4 trillion this year. Look at Moovly Media (TSXV: MVY) (OTC: MVVYF), For Example Moovly Media Inc. was just named a BigCommerce Certified Technology Partner, providing tens of thousands of BigCommerce customers access to Moovly’s E-commerce Video Maker. Beginning today, BigCommerce customers can integrate Moovly’s Video Maker app through the BigCommerce App Marketplace. Brendon Grunewald, CEO & Co-Founder, at Moovly, said: "There is plenty of evidence that products with a video sell better than those without. Our E-Commerce Video Maker is a game changer for online sellers seeking to increase sales with the use of product videos and video adverts. This integration can give BigCommerce sellers the tools to possibly help increase their sales using video with a simple pay per video business model.” Integrating the Moovly E-commerce Video Maker into BigCommerce’s marketplace, enables BigCommerce sellers, product marketers and agencies to easily create product videos and video adverts with a few clicks using the product information and assets and data already in the BigCommerce platform and templates already available in Moovly without an upfront fee or subscription. Paying subscribers of Moovly will get access to the full Moovly feature set (including advanced features like AI translations, text-to-speech, subtitling, etc) and be able to make their own templates. BigCommerce sellers and agencies will also be able to use Moovly’s video review system, a fast feedback, review feature, seamlessly integrated in the BigCommerce interface providing near instant collaboration between different users (e.g. BigCommerce sellers and advertising agencies). BigCommerce Certified Technology Partners are selected for offering best-in-class technologies, value and superior customer service. For more information, visit: https://www.moovly.com/ecommerce-video-maker/bigcommerce Other related developments from around the markets include: Amazon announced financial results for its fourth quarter ended December 31, 2022. Net sales increased 9% to $149.2 billion in the fourth quarter, compared with $137.4 billion in fourth quarter 2021. Operating income decreased to $2.7 billion in the fourth quarter, compared with $3.5 billion in fourth quarter 2021. Net income decreased to $0.3 billion in the fourth quarter, or $0.03 per diluted share, compared with $14.3 billion, or $1.39 per diluted share, in fourth quarter 2021. For full-year 2022: Net sales increased 9% to $514.0 billion in 2022, compared with $469.8 billion in 2021. Operating income decreased to $12.2 billion in 2022, compared with $24.9 billion in 2021. Net loss was $2.7 billion in 2022, or $0.27 per diluted share, compared with net income of $33.4 billion, or $3.24 per diluted share, in 2021. Alphabet announced financial results for the quarter and fiscal year ended December 31, 2022. Sundar Pichai, CEO of Alphabet and Google, said: “Our long-term investments in deep computer science make us extremely well-positioned as AI reaches an inflection point, and I’m excited by the AI-driven leaps we’re about to unveil in Search and beyond. There’s also great momentum in Cloud, YouTube subscriptions, and our Pixel devices. We’re on an important journey to re-engineer our cost structure in a durable way and to build financially sustainable, vibrant, growing businesses across Alphabet.” Ruth Porat, CFO of Alphabet and Google, said: “Our Q4 consolidated revenues were $76 billion, up 1% year over year, or up 7% in constant currency, and $283 billion for the full year 2022, up 10%, or up 14% in constant currency. We have significant work underway to improve all aspects of our cost structure, in support of our investments in our highest growth priorities to deliver long-term, profitable growth.” Microsoft announced the following results for the quarter ended December 31, 2021, as compared to the corresponding period of last fiscal year: Revenue was $51.7 billion and increased 20%, Operating income was $22.2 billion and increased 24%, Net income was $18.8 billion and increased 21%, Diluted earnings per share was $2.48 and increased 22%. “Digital technology is the most malleable resource at the world’s disposal to overcome constraints and reimagine everyday work and life,” said Satya Nadella, chairman and chief executive officer of Microsoft. “As tech as a percentage of global GDP continues to increase, we are innovating and investing across diverse and growing markets, with a common underlying technology stack and an operating model that reinforces a common strategy, culture, and sense of purpose.” Meta Platforms reported financial results for the quarter and full year ended December 31, 2022. "Our community continues to grow and I'm pleased with the strong engagement across our apps. Facebook just reached the milestone of 2 billion daily actives," said Mark Zuckerberg, Meta founder and CEO. "The progress we're making on our AI discovery engine and Reels are major drivers of this. Beyond this, our management theme for 2023 is the 'Year of Efficiency' and we're focused on becoming a stronger and more nimble organization." Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Moovly Media Inc. by Moovly Media Inc. We own ZERO shares of Moovly Media Inc. Please click here for full disclaimer. Contact Information: Ty Hoffer Winning Media281.804.7972Ty@winning.media
U.S. Digital Spending Just Passed the $1 Trillion Mark for the First Time February 14, 2023 - Baystreet.ca E-commerce is big business. And there’s nothing really standing in its way to get even bigger. According to a ComScore report, State of Digital Commerce, U.S. digital spending jumped about 11% just in 2022 to $1.09 trillion from $904.3 billion in 2021. That, according to ChainStorage.com, represents the first time that digital spending passed the $1 trillion mark. That’s all great news for companies, such as Moovly Media (TSXV: MVY) (OTC: MVVYF), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Meta Platforms (NASDAQ: META). Better, according to Forbes.com, the U.S. e-commerce market will be worth more than $1.1 trillion this year. Meanwhile, the global e-commerce market is expected to balloon to $6.4 trillion this year. Look at Moovly Media (TSXV: MVY) (OTC: MVVYF), For Example Moovly Media Inc. was just named a BigCommerce Certified Technology Partner, providing tens of thousands of BigCommerce customers access to Moovly’s E-commerce Video Maker. Beginning today, BigCommerce customers can integrate Moovly’s Video Maker app through the BigCommerce App Marketplace. Brendon Grunewald, CEO & Co-Founder, at Moovly, said: "There is plenty of evidence that products with a video sell better than those without. Our E-Commerce Video Maker is a game changer for online sellers seeking to increase sales with the use of product videos and video adverts. This integration can give BigCommerce sellers the tools to possibly help increase their sales using video with a simple pay per video business model.” Integrating the Moovly E-commerce Video Maker into BigCommerce’s marketplace, enables BigCommerce sellers, product marketers and agencies to easily create product videos and video adverts with a few clicks using the product information and assets and data already in the BigCommerce platform and templates already available in Moovly without an upfront fee or subscription. Paying subscribers of Moovly will get access to the full Moovly feature set (including advanced features like AI translations, text-to-speech, subtitling, etc) and be able to make their own templates. BigCommerce sellers and agencies will also be able to use Moovly’s video review system, a fast feedback, review feature, seamlessly integrated in the BigCommerce interface providing near instant collaboration between different users (e.g. BigCommerce sellers and advertising agencies). BigCommerce Certified Technology Partners are selected for offering best-in-class technologies, value and superior customer service. For more information, visit: https://www.moovly.com/ecommerce-video-maker/bigcommerce Other related developments from around the markets include: Amazon announced financial results for its fourth quarter ended December 31, 2022. Net sales increased 9% to $149.2 billion in the fourth quarter, compared with $137.4 billion in fourth quarter 2021. Operating income decreased to $2.7 billion in the fourth quarter, compared with $3.5 billion in fourth quarter 2021. Net income decreased to $0.3 billion in the fourth quarter, or $0.03 per diluted share, compared with $14.3 billion, or $1.39 per diluted share, in fourth quarter 2021. For full-year 2022: Net sales increased 9% to $514.0 billion in 2022, compared with $469.8 billion in 2021. Operating income decreased to $12.2 billion in 2022, compared with $24.9 billion in 2021. Net loss was $2.7 billion in 2022, or $0.27 per diluted share, compared with net income of $33.4 billion, or $3.24 per diluted share, in 2021. Alphabet announced financial results for the quarter and fiscal year ended December 31, 2022. Sundar Pichai, CEO of Alphabet and Google, said: “Our long-term investments in deep computer science make us extremely well-positioned as AI reaches an inflection point, and I’m excited by the AI-driven leaps we’re about to unveil in Search and beyond. There’s also great momentum in Cloud, YouTube subscriptions, and our Pixel devices. We’re on an important journey to re-engineer our cost structure in a durable way and to build financially sustainable, vibrant, growing businesses across Alphabet.” Ruth Porat, CFO of Alphabet and Google, said: “Our Q4 consolidated revenues were $76 billion, up 1% year over year, or up 7% in constant currency, and $283 billion for the full year 2022, up 10%, or up 14% in constant currency. We have significant work underway to improve all aspects of our cost structure, in support of our investments in our highest growth priorities to deliver long-term, profitable growth.” Microsoft announced the following results for the quarter ended December 31, 2021, as compared to the corresponding period of last fiscal year: Revenue was $51.7 billion and increased 20%, Operating income was $22.2 billion and increased 24%, Net income was $18.8 billion and increased 21%, Diluted earnings per share was $2.48 and increased 22%. “Digital technology is the most malleable resource at the world’s disposal to overcome constraints and reimagine everyday work and life,” said Satya Nadella, chairman and chief executive officer of Microsoft. “As tech as a percentage of global GDP continues to increase, we are innovating and investing across diverse and growing markets, with a common underlying technology stack and an operating model that reinforces a common strategy, culture, and sense of purpose.” Meta Platforms reported financial results for the quarter and full year ended December 31, 2022. "Our community continues to grow and I'm pleased with the strong engagement across our apps. Facebook just reached the milestone of 2 billion daily actives," said Mark Zuckerberg, Meta founder and CEO. "The progress we're making on our AI discovery engine and Reels are major drivers of this. Beyond this, our management theme for 2023 is the 'Year of Efficiency' and we're focused on becoming a stronger and more nimble organization." Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Moovly Media Inc. by Moovly Media Inc. We own ZERO shares of Moovly Media Inc. Please click here for full disclaimer. Contact Information: Ty Hoffer Winning Media281.804.7972Ty@winning.media