el producto #201

🎰 The week in figures

$115B: Alibaba and JD.com collectively generated ~$115B in sales during their annual Singles Day events; both companies offers discounts from Nov 1 through Nov 11; Alibaba racked up ~$74.1B in sales across its family of e-commerce websites, which compares with $38.4B last year (2019 was a 24 hour event). Overall, Singles Day sales generated 583k orders per second during the peak of the annual sales event

📰 What’s going on

Facebook updates Messenger and Instagram with Vanish Mode, enabling users to set messages to automatically delete once the recipient has read it and closed the app or left the chat; if a user sets a chat to Vanish Mode, and another user takes a screenshot, the app will display an alert

💵 Q3 financials

Lyft ($11.25B market cap) Q3 beats: $499.7M revenue, up from $339M for the year-earlier period ($486.6M expected); $460M net loss, compared to $463M for the year-earlier period; 12.5M active riders, up from 8.7M in the year-earlier period; expects EBITDA profitability by Q4 of next year

👩🏾‍💻 Good reads

Adapting AI models to pandemic times. Alibaba and JD have learned how much news and current events influence e-commerce patterns and will continue to tweak their product recommendation algorithms accordingly. Their lessons have so far worked during Singles Day

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🙂 #alwaysbekind

During the upcoming weeks (for as long as the Covid-19 crisis goes on) I will keep dedicating my evenings to offer free consultation / advice / coaching / casual chats to any impacted professionals that would like to reach out. Don’t be a stranger, reach out by DM if you are interested, and let’s help each other. We are all humans after all, and we are all on the same boat

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Angel Jaime

Angel Jaime

Full-time learner, product stuff, “triathlete” & global traveller. CPO @ Yayzy, frmr Product Leader @ Revolut, @ Booking.com and @ Just Eat.