2018 Internet Trends Report by Mary Meeker

[tiramisu41]

Very interesting presentation at the recent Code Conference in Rancho Palos Verde, CA by Mary Meeker, American venture capitalist and former Wall Street securities analyst whose primary focus is on Internet and new technologies. 

LOTS of info that is presented in rapid-fire succession, much of it relating to e-Commerce. 

Worth a watch/read if you're interested in consumer behavior/expectations/directions where online things are/are headed including the Chinese/China:  https://www.recode.net/2018/5/30/17385116/mary-meeker-slides-internet-trends-code-conference-2018

[ymeagainlord]

I do have to ask though - since when is Wish a 'tech company"?

[tiramisu41]

@ymeagainlord

I suppose you'd have to ask Mary to be sure ;).

The definition of a "tech company" used to be an organization in the business of selling technology --e.g., the company makes money by selling applied scientific knowledge that solves a concrete problem.

However, these days, and in particular among those in the world of finance/business, the term "tech company"  is very often used to describe a company which uses technology or tech services as a key part of its business.   Wish.com certainty does that as an online retailer/marketplace site (and indeed doesn't exist anywhere else except online) so that is my guess why if would be considered a "tech company" in the context of Mary's presentation.

[ymeagainlord]

Well I guess if eBay can be a "tech company" so can they lol

I did notice they mention Etsy re selling from home, but not a whisper about eBay

[tiramisu41]

---

@ymeagainlord wrote:
Well I guess if eBay can be a "tech company" so can they lol

I did notice they mention Etsy re selling from home, but not a whisper about eBay

---

Yes, I found that interesting as well, though eBay does show up as a graphic in one slide that talks about how commerce drivers have changed over time from Demographics > Brand > Utility > Data (Slide 79).

What's interesting is eBay and Amazon are used as examples of Utility-driven commerce sites (transactional e-commerce which offers massive product selection with "24/7 shopping moments"), but eBay is glaringly missing at the next "evolutionary step" which is data-driven.

Data-driven is defined as "curated product discovery which provides 24/7 recommendations."  Amazon, Facebook and Stitch-Fix are noted as three leading example of this latest trend, though once eBay finishes transitioning over to a catalog-based site and uses AI to present shoppers with items that are likely to be interest based on their behavior on the site,  perhaps the opinion of eBay will change.

[ted_200]

...once eBay finishes transitioning over to a catalog-based site and uses AI to present shoppers with items that are likely to be interest based on their behavior on the site,  perhaps the opinion of eBay will change.

Oh, it's going to change alright! 

[ag47silver-us]

"Data-driven is defined as "curated product discovery which provides 24/7 recommendations"

Yes because the problem is people just don't know what they want... all their watch lists and carts are empty right?

eBay is going to die if they don't realize the problem is HONESTY or lack there of, subsidized government programs, and forceful policies on the sellers