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In an interview with Fortune last month, Costco CEO Ron Vachris highlighted that the core of Costco’s business model is not just the wide array of products on their shelves, but the membership cards that shoppers carry in their wallets. Costco’s thriving membership baseCostco’s membership has become a significant revenue generator for the company. With 130 million members paying between $60 and $120 annually, membership fees alone generated $4.6 billion in revenue last year. The company offers two tiers of membership: the Gold Star membership at $60 per year and the Executive Membership at $12...
Invezz
The European Union is intensifying its scrutiny of Meta, the parent company of Facebook and Instagram, for allegedly failing to protect children on its platforms. The European Commission has launched a formal investigation to determine whether Meta has complied with its obligations under the Digital Services Act (DSA). This investigation underscores growing concerns about the harmful impact of social media on young users, particularly regarding addictive behaviours encouraged by these platforms. High daily engagement among teensAccording to Invezz research, a significant 93% of teens are activ...
Invezz
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