Hot off the press: "The State of OKRs - Global Enterprise Report"

#1 | Google co-founders Larry Page and Sergey Brin stepping down

Google co-founders Larry Page and Sergey Brin are stepping down from any management roles at Google and its parent company, Alphabet. Sundar Pichai, the current CEO of Google, will become CEO of Alphabet in addition to his current role. Page and Brin will remain board members and major shareholders, though. But the fact that they allowed for an easy transition of power, letting others manage the company, is a sign of good management and their long-term confidence. After all, getting founders out of a business is rarely easy. Nonetheless, it’s often in the company’s best interest as examples of Microsoft, Apple, and other firms show that businesses can thrive even with founders no longer at the helm. Read more: http://bit.ly/2PhVP2f



#2 | Mobile shopping dominated Black Friday and Thanksgiving Day sales

Around 56 percent of all orders on Black Friday and 60 percent of Thanksgiving Day shopping came from mobile devices. And nine percent of products were purchased after an algorithmic suggestion. These facts indicate that mobile devices and AI are becoming the major forces in the e-commerce sector, providing people with a convenient shopping experience. So it’s no wonder that businesses are improving their online offerings, removing frictions that once prevented shoppers from finalizing purchases. Salesforce predicts that companies across the world will hit $30 billion in revenue on Cyber Monday, with $8 billion of that in the US alone. Read more: https://yhoo.it/38aIBgq



#3 | Reddit’s community grew to 430 million monthly active users in 2019

As of October 2019, the Reddit community has reached 430 million monthly active users, a 30 percent year-on-year increase. Users also made 199 million posts, 1.7 billion comments, and 32 billion upvotes. Monthly views were also up. The most upvoted AMA (Ask Me Anything) post on the site was with Bill Gates, while the most upvoted post was a photo of “tank man” at Tiananmen Square, in reference to Reddit’s fundraise which in February was led by China’s Tencent. The report released by Reddit was less clear on revenue figures, though. Third-party estimates put the company’s U.S. ad revenue at $119 million and on track to reach $261.7 million by 2021. Read more: https://tcrn.ch/2LqKjk7



#4 | T-Mobile launches its 5G network across the US

T-Mobile has launched its 600MHz 5G network across the US but the first two phones to support it will go on sale this Friday. Around 200 million people that are to be covered by the new network will enjoy the speed that’s faster than LTE although not as fast as millimeter-wave 5G. The deployment of mmWave is likely to be confined to cities, stadiums, and other densely populated areas due to its physical limitations. Other major US carriers are catching up as well. AT&T, for instance, plans to launch a low-band 5G this month in five cities. Read more: http://bit.ly/34XtqoW



#5 | Peloton faces criticism over its “Gift That Gives” ad

Peloton’s controversial bike ad has stirred online outrage. The TV spot, called “The Gift That Gives Back”, depicts a woman showing a video diary to her husband about a year spent on the Peloton bike he gave her. According to some viewers, the commercial has undertones of sexism. The company’s shares dropped as much as 10 percent with Peloton arguing that it’s “disappointed in how some have misinterpreted this commercial”. Experts expect Peloton to pull the ad following the criticism. Read more: https://cnb.cx/2r9U92Y



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