Vroom plans June IPO, Cash troubles loom for big firms, Pandemics and the connected economy’s bigger, faster future

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May 11, 2020

Monday Conversation

HomeLight CEO: Using Tech To Transform Real Estate Sales In The Age Of Social Distancing

In the best of times, homebuying is filled with friction and paperwork and in the age of the coronavirus, walk-throughs are, well, scary. The coronavirus may spur a pivot toward electronic signatures and virtual interactions with agents, buyers and sellers. HomeLight CEO Drew Uher explains how online platforms can lead to a safer, more satisfying real estate experience.

 

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Hyperlocal Commerce

OfferUp CEO On Reinventing Commerce One Local Seller At A Time

Recommerce sites like OfferUp are finding a whole new demographic of customers as the pandemic drains both store shelves and unemployed workers’ wallets. Buyers are desperately hunting for hard-to-find goods they need, while sellers aim to turn unneeded items into cash. But CEO Nick Huzar tells Karen Webster that the biggest thing his company is offering is a new channel for merchants who want to quickly get online and connect with local customers.

 

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PODCAST: Subscription Commerce

Why Pushing Pause Will Help Subscription Commerce Surge

The landscape for subscription retailers has shifted radically in the past month or so as homebound consumers begin to think hard about what they really need – forcing merchants to make sure they stay relevant. But Emma Clark, of subscription-management platform Recurly, sees the shift as an opportunity for smart companies to tap into emerging consumer behaviors and form deeper, more long-lasting ties with customers – even if it means pushing pause.

 

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Grocery Tech

PIN-On-Glass, Digital EBT And Grocery’s Tech Enabled Future

After years of perfecting, the U.S. government’s Supplemental Nutrition Assistance Program for underprivileged Americans is rolling out the ability for recipients nationwide to make food purchases using SNAP aid online rather than just in stores. Nandan Sheth, head of global digital commerce at Fiserv, believes that with a big boost from the COVID-19 crisis, the rollout will serve as just one of many innovations that will create a new digital normal for the grocery business.

 

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PPP

Why Larger Firms May Soon Face The Same (Cash) Pressures As Main Street SMBs

All eyes are on the Paycheck Protection Program as SMBs grapple with cash shortfalls even as some larger companies give back funds they got under the effort’s initial tranche. Everyone agrees that the smallest, most-vulnerable companies need the money, but trouble looms for even many well-capitalized, publicly traded firms if the pandemic’s economic devastation goes on long enough.

 

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KLW Commentary

The Big Jump: Pandemics And The Connected Economy’s Bigger, Faster Future

In basketball, jump balls can set the pace for the game, and shift its outcome. In the connected economy, jump discontinuity is setting the pace for the consumers' shift to connected experiences, and rapidly shifting the outcome for players in the digital and physical worlds. Karen Webster said understanding how a concept that only math geeks once loved is important to understanding why it will have dramatic consequences for the evolution of the connected economy over the next decade and beyond. One that has already fast-forwarded a few years in just the last few months.

 

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What's Hot


Mastercard Expands Global Commitment To Connect 1B People


Digital Car Buying Platform Vroom To Test IPO Waters In June


Report Says SBA Erred In Providing PPP Loan Guidance


Mnuchin: Not Reopening Risks Irreversible Economic Damage


Spike In Virus Outbreaks Threatens Global Reopening Plans


AmEx Business Travel Sale To Carlyle And GIC Appears Dead


Retailers Work To Convince Consumers It's Safe To Shop In Stores


Congress, White House Spar Over Stimulus Round Three


CLEAR Biometric ID Launches COVID Screening For Businesses


Bitcoin Daily: Bitcoin Sheds $20 Billion Off Market Cap; Gibraltar-based FinTech Launches Tokenized Securities Platform


Best Of Yesterday 


Will PPP’s Lack Of Clarity Fail To Protect SMBs And Paychecks?


Balancing Gig Workers’ Desire For Work Flexibility, With The Need For A Steady Paycheck


Why Unified Commerce Is Critical For Merchants — And Catnip For Fraudsters


 

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