The Week (June 28)
“There may be no bigger scramble in business right now than the race to dominate retail media,” which is expected to “account for more than a fifth of all digital ad spending in 2024.” The stakes are high. Amazon, for example, “earned $46.9 billion from retail ads,” which was more than all of Coca-Cola’s global revenue “and makes Amazon the third-largest advertising platform in the United States, behind only Google and Facebook.”
Tags: $46.9 billion, 2024, Advertising platform, Amazon, Business, Coca Cola, Digital, Dominate, Facebook, Google, Race, Retail media, Scramble, Spending, U.S.
Reuters (August 3)
Approximately 35% of companies in the S&P500 have used the same audit firm for 25 years or more. In fact, “Goldman Sachs has stuck with the same auditing firm since 1926, Coca Cola since 1921, General Electric since 1909 and Procter & Gamble since 1890.” Reformers argue that rotation should be required to increase scrutiny, but many oppose such a requirement.
Tags: Audit firms, Coca Cola, GE, Goldman Sachs, P&G, Rotation, S&P500, Scrutiny
