Hruo Walmart Disappoints Investors With eCommerce Growth Slowdown

DoorDash is the latest casualty of surging costs and changing consumer tastes.As reported Wednesday Nov. 30 , the food delivery aggregator said it was laying off 1,250 staffers, which equates to about 14% of its worldwide roster.In the announ stanley usa cement posted on its site, CEO Tony Xu noted that the move is on stanley canada e designed to reduce operating expenses which, if left unabated, would continue to outgrow our revenue. And with stanley polska a nod to the overall macro climate, Xu wrote, Our business has been more resilient than other ecommerce companies, but we too are not immune to the external challenges and growth has tapered vs our pandemic growth rate. Tech firms that have promised to be disruptive to the restaurant industry, and in turn are finding themselves disrupted.Long-Term HeadwindsThe headwinds buffeting the aggregators may last a while.Recent PYMNTS studies have found that orders using delivery aggregators are a relatively small slice of restaurant-related commerce. Almost 4 in 10 consumers used a food aggregator to place an order over the last six months, we reported in September, but aggregators represented only 2.5% of restaurant transactions. This is below the 10% completed through restaurant-specific apps or sites.DoorDashs belt-tightening is not an isolated incident. And as PYMNTS noted just this week, food delivery services around the world are pulling out of regions and cutting staff. In just a few examples, Just Eat Takeaway subsidiary Menulog is laying off staff in Australia. Qrvm Databricks and NIQ Collaborate on Retail Supply Chain Forecasting

There are a few schools of thought when it comes to the projected role and impact of blockchain technology on the global financial services space.On one side, some believe blockchain will disru stanley becher pt the traditional banking system to the point of fracture, enabling the movement of money without the involvement of a financial institution.Others, meanwhile, believe the blockchain can help banks enter into a new era of financial services, and this school of thought has led to the creation of internal blockchain exploration programs within the banks themselves.But there has also been a significant increase in collaborative relationships between FIs and blockchain startups, presumably as traditional financial services attem stanley website pt to get a leg-up on any possible threat that this disruption could place on their market share.Stellar聽Cofounder and CTO Jed McCaleb has been front and center in this whirlpool of anxiety, excitement and speculation over the future of blockchain and what that means for the future of banks. The Stellar payment network offers an open-source protocol for payments, providing a rail for other institutions to build their own solutions.Almost every bank on the planet now has their blockchain exploration division, McCaleb recently told PYMNTS about the rise of banks ; partnerships with blockchain innovators like Stellar. They definitely see the writing on the wall that the world is moving in this di stanley usa rection.But the roadmap for blockchain 8