Weekly Digital News Roundup: Aug 14-18
Broadband subscriptions surpass TV subscriptions
- According to the LA Times, a new report says that for the first time ever, cable companies have more Internet broadband subscribers than TV service subscribers.
- At the end of the second quarter of 2014, the top cable providers served 49,915,000 broadband subscribers compared with 49,910,000 TV subscribers, according to the report by Leichtman Research Group.
- It’s only a slight difference of 5,000 subscribers, and many TV subscribers also pay for Internet service. But the milestone exemplifies the way business is changing for cable companies, said Bruce Leichtman, president and principal analyst for Leichtman Research Group.
Yahoo Dusts Off E-Commerce Service
- According to Wall Street Journal, CEO Marissa Mayer is dusting off one of Yahoo’s oldest and most neglected properties in the hopes of juicing revenue from the booming area of e-commerce.
- Yahoo on Thursday unveiled a new version of Yahoo Stores, a service aimed at helping small business owners market and sell their goods online. Merchants pay up to $9 a month to host a website and access tools like analytics, custom templates and domain names and informational articles about running a small business.
- The revamped service appears to be aimed at supporting Yahoo’s struggling ad business and to compete with a new crop of Web startups, including Weebly, Squarespace, Shopify and Etsy, which attracted hundreds of millions in venture capital to help small retailers build customized online storefronts.
Amazon takes on Square with own mobile card reader
- According to The Verge, Square is about to face even more competition in the mobile card reader space with the launch of Amazon’s new Local Register.
- Amazon’s credit card reader works in a similar way to Square, plugging into the headphone jack of mobile devices like smartphones and tablets to read card details and allow small businesses to process payments they’d usually take only in cash. Amazon is making its card reader available for $10, and it will work on iOS, Android, and Kindle Fire devices.
- Amazon’s Local Register also undercuts both Square and PayPal for mobile payments, fixing a fee of 1.75 percent per swipe payment until December 31st, 2015 for those who sign-up before October 31st. Once Amazon’s special offer expires, the rate jumps to 2.5 percent, but that’s still less than the 2.75 percent charged by Square and the 2.7 percent from PayPal.