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Similarweb

As the most trusted platform for measuring online behavior, millions of people rely on SimilarWeb insights daily as the ground truth for their knowledge of the digital world. We empower anyone — from the curious individual to the enterprise business leader — to make smarter decisions by understanding why things happen across the digital ecosystem. SimilarWeb gives you global multi-device market intelligence to understand, track and grow your digital market share.

April 1, 2021 / Investing

WeWork’s $9B Co-Working SPAC(E)

From Similarweb
On March 26, the co-working space company announced a definitive merger agreement with a special purpose acquisition company (SPAC), BowX Acquisition Corp. (NASDAQ: BOWX). Once the merger completes, WeWork will be a publicly listed company, and a must-follow for stock intelligence enthusiasts. It will also receive $1.3 billion of cash, “to fund its growth plans into the future.”
April 1, 2021 / Investing

U.K. Cryptocurrency Traffic Soars: Who’s Gaining and Why?

From Similarweb
Cryptocurrencies had a monumental year. In December, Bitcoin (BTC) shot past $20 thousand, and at the time of writing, BTC is trading just below the $60 thousand level. This rapid ascent may bring déjà vu of 2017 when BTC climbed from $975 to $20,089. An analysis of the digital growth of U.K. cryptocurrency sites, along with worldwide events, indicates that financial services companies should keep a close eye on crypto this time. We’ll show you some tools to help.
April 1, 2021 / Economy

SuezBLOCKED: How the Latest Global Disaster Disrupted Digital Trends

From Similarweb
As if Netflix’s latest documentary Seaspiracy wasn’t enough to make us really ponder the fate of our oceans, last week a huge shipping container was blown off course and became stranded in the Suez Canal. The 200,000-ton, 400-meter long (1,312-foot) ship blocked the infamous waterway for about a week before finally being freed from the shoreline. The Suez Canal accounts for approximately 30% of the world’s daily shipping container freight and is a critical link for trade between Europe and Asia. It’s estimated that the shutdown of the canal was holding up $9.6 billion each day, or $6.7 million a minute.
March 30, 2021 / Investing

Chewy Earnings Preview: Bringing the Bacon Home

From Similarweb
Expectations for Chewy are high heading into the print on March 30. The eCommerce pure play beat consensus revenue estimates for the past six consecutive quarters. And in its last earnings report, the company issued strong guidance for the current quarter (November–January 2021). However, shares have pulled back recently on valuation concerns. Chewy is down 13% year-to-date following a massive build-up in 2020. Given the recent weakness in its stock over the past month, the key question now is: Will CHWY be able to beat revenue consensus estimates again and propel its stock price higher?
March 24, 2021 / Investing

Deliveroo IPO: Can It Deliver More Than Just Your Lunch?

From Similarweb
The U.K. based online food delivery company is going public at the end of the month. The Deliveroo IPO is expected to be the biggest Initial Public Offering (IPO) on the London Stock Exchange (LSE) in almost a decade. Backed by Amazon, and seeking a valuation of £8.8 billion ($12 billion), this IPO is something to get excited about. According to CNBC, Deliveroo says it will use the proceeds of the IPO to continue to invest in innovation and push deeper in on demand grocery deliveries.
March 22, 2021 / Business

How Nvidia Is Stealing Share In the Computer Hardware Industry

From Similarweb
There’s no doubt about it, the computer hardware industry came out on top during COVID-19. While people were stuck at home during the pandemic, there was a higher demand for computer hardware for people working at home. There was also more time for gamers to invest in better, faster gaming equipment. Using SimilarWeb’s alternative datasets, we can see that website traffic to the U.S. computer electronics hardware industry surged 48% year-over-year (YoY) in 4Q20. Indeed on a YoY basis, 1Q20 traffic dropped 4%, before rising 24% in Q2 and 32% in Q3.
March 16, 2021 / Investing

What Does 2021 Have in Store for the IPO Market?

From Similarweb
If you’re happy 2020 is behind us, you’re not alone. The year the coronavirus pandemic started, was a year most people couldn’t wait to end. However it wasn’t all bad, with many initial public offerings (IPOs) coming to market including DoorDash (DASH), Airbnb (ABNB), Asana (ASAN), Snowflake (SNOW) and Palantir (PLTR). So what do we have to look forward to in 2021? IPOs, IPOs, and more IPOs.
March 8, 2021 / Business

What Beauty Brands Can Learn From the Estée Lauder Deciem Deal

From Similarweb
On Feb. 23, Estée Lauder announced its plans to pay $1 billion for a majority stake in Deciem – a Canadian-based company that owns multiple beauty brands. The Ordinary, Deciem’s flagship D2C brand netted $460M in sales the past year and has developed a cult-like following. In this article, we’ll explore The Ordinary’s winning eCommerce strategy and provide tips to advance it to the next level.
March 5, 2021 / Investing

Robinhood IPO: Everything You Need to Know

From Similarweb
Robinhood has been making headlines in recent weeks after a group of Reddit-inspired retail investors used the commission-free investing platform in an attempt to take down some of Wall Street’s top hedge funds, by investing in Gamestop (GME) and raising its share price. The news resulted in a further $2.4B investment for the company, taking total funding to date to $5.6B. No company could have planned this, but it definitely bodes well for the securities and exchange commission (SEC) regulated FinTech company ahead of its potential initial public offering (IPO) expected later this year. So, will Robinhood still go ahead with its planned IPO? It appears so.
March 3, 2021 / Investing

Coinbase IPO? You Mean Direct Listing

From Similarweb
The Coinbase initial public offering (IPO) is making headlines. Only the Coinbase IPO isn’t actually an IPO. Following in the footsteps of Slack and Spotify, the cryptocurrency trading platform opted to go public via a direct listing. With a direct listing, no new shares are created and there are no intermediaries – investment banks, brokerages, or underwriters. Once public, Coinbase shares will be available for trading on NASDAQ with the ticker CBASE. With a valuation expected to exceed $100 billion, there is a lot of hype around this company’s stock market debut.
February 26, 2021 / Investing

Can ZM Outlast the Lockdown Limbo?

From Similarweb
Zoom Video Communications (ZM) is on the cusp of its fourth quarter earnings report for fiscal 2021 on March 1. Heading into the print, the key question for investors is: Will Zoom survive, or even thrive, in a post-pandemic world? Unsurprisingly, ZM shares have remained range-bound since the first vaccine was announced. Indeed on a three-month basis the stock is now trading down 5%.
February 25, 2021 / Investing

WW Earnings: Will Its Digital-First Strategy Work Out?

From Similarweb
WW International (formerly Weight Watchers) reports its Q4 and full year earnings on Feb. 25 after markets close. Ahead of the print, WW shares are flat on a three-month basis. Last quarter, the global wellness company reported mixed results with a revenue miss. WW cited declines in workshop fees and overall product sales as a result of COVID-19 pressures. Investors are also anxious about up-and-coming players like weight-loss app Noom and food-tracking monitor Lifesum.
February 25, 2021 / Economy

US Heatmap Report

From Similarweb
Digital Heat is an easy-to-use ​heatmap to help you quickly identify at scale which industries and companies are most impacted by the current economic environment. The report tracks in near real-time year-over-year (YoY) weekly website traffic trends. On a macro level, it highlights directional trends – industries that are poised to benefit, and those that remain vulnerable. On a micro level, this monitor can help isolate differences within an industry.
February 25, 2021 / Economy

UK Heatmap Report

From Similarweb
Digital Heat is an easy-to-use heatmap to help you quickly identify at scale which industries and companies are most impacted by the current economic environment. The report tracks in near real-time year-over-year (YoY) weekly website traffic trends. On a macro level, it highlights directional trends – industries that are poised to benefit, and those that remain vulnerable. On a micro level, this monitor can help isolate differences within an industry.
February 19, 2021 / Investing

I Kinda Love Etsy, Too

From Similarweb
Expectations are high into the print after Etsy beat consensus revenue estimates over the past two quarters. Shares are now up over 300% (!) on a one-year basis. So will this hotshot eCommerce stock, beloved by Elon Musk, maintain momentum going forward?
February 18, 2021 / Real Estate

How Mortgage Websites are Building an Edge Over the Competition

From Similarweb
Interest in mortgages skyrocketed in 2020 – a year defined by lockdowns and stay-at-home orders. Record-low interest rates in the U.S. and the real estate impact also likely helped boost demand. The result: Traffic to mortgage lender websites shot up by 71% from 2019 to 2020. The extraordinary rise in mortgage industry-related traffic outpaced the greater financial services industry, which climbed just 25% over the same time frame.
February 16, 2021 / Investing

Shopify Earnings: The Honeymoon Isn’t Over Yet

From Similarweb
Unsurprisingly, Shopify (SHOP) is a clear COVID success story. The company has been on a tear since the pandemic, which sent demand for eCommerce solutions through the roof. Indeed, total revenue in Q3 was $767M, a 96% increase from the same quarter in 2019. Shares in SHOP are now up 172% on a one-year basis. But can the company, which enables anyone to set up and maintain an online store, sustain such dramatic growth?
February 16, 2021 / Investing

Walmart (WMT) Earnings: Can The Winning Streak Last?

From Similarweb
Walmart (WMT) is heading into the fourth quarter on the back of a blowout Q3 and Q2 FY21 earnings report. And the star of the show is: eCommerce. The company’s U.S. eCommerce sales exploded 97% in Q2 and 79% in Q3, as customers continued to embrace online shopping during the pandemic. Q2 also received a boost from the first round of U.S. stimulus checks filtering down into increased spending on big-box retailers’ websites.
February 4, 2021 / Investing

The Mother of all Short Squeezes - Robinhood Traffic Explodes 1200%

From Similarweb
When they said all press is good press, they can use the recent Robinhood scandal as a case study. Looking at the digital traffic alone over the last 7 days, it’s clear that Robinhood is on fire. The online brokerage – and potential unicorn IPO – is at the epicenter of the surreal GameStop (GME) trading saga. It sparked outrage after banning, and then restricting, trades in so called meme stocks like GameStop, Nokia (NOK) and BlackBerry (BB).
January 19, 2021 / Economy, Investing

UK Grocery Market: 4 Key Takeaways For 2021

From Similarweb
As we head into 2021, we decided to carry out a deep dive into some of the biggest players in the UK supermarket business, namely: Tesco (TSCO), Morrisons (MRW), Ocado (OCDO), Asda (owned by Walmart, WMT), and Sainsbury’s (SBRY).