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Temu app
(Cheng Xin/Getty Images)

Temu tumbles on US app store rankings as the fast-fashion giant pulls its Google Shopping ads

Once the top shopping app, Temu is losing some steam as it braces for a major shipping crackdown.

Nia Warfield
4/15/25 3:34PM

Temu’s check-out line is getting a lot shorter.

The viral shopping app, known for ultracheap deals on everything from furniture to faux leather jackets, has plunged in the app store charts over the past week. As of Thursday afternoon, Temu had dropped from its usual top-five ranking to 64th among free apps in Apple’s US App Store — just days after the company abruptly pulled its Google Shopping ads. Temu has become a household name, especially in the US, where over half of consumers say they’ve shopped the app at least once over the past year, a recent survey found.

The dip comes as Temu, owned by China’s PDD Holdings, faces pressure on multiple fronts. Last week, President Trump announced plans to triple small-parcel shipping fees, closing the “de minimis” loophole that let platforms like Temu and rival Shein ship tons of cheap goods to US shoppers tax-free. At the same time, Chinese imports are being slapped with new tariffs of up to 125%, even as other trading partners see relief. The pressure is on: since April 8, Temu’s paid traffic has dropped 80%, Similarweb data shows. Meanwhile, Amazon page views for its “Haul” storefront — a Temu-style platform offering a variety of products under $20 — have more than doubled in the same period. 

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Elon Musk at Donald Trump Rally At Madison Square Garden In NYC

The Tesla directors who just proposed giving Elon Musk a trillion dollars say it’s “critical” he stay out of politics

Even still, the company doesn’t appear to be putting up hard guardrails for Musk’s political ambitions.

$1T

Tesla jumped more than 2% premarket on Friday after the company proposed an unprecedented roughly $1 trillion pay package for CEO Elon Musk, according to proxy filings.

To receive the massive payout, Musk will have to increase the company’s market cap to $8.5 trillion from the approximately $1 trillion it is today over the next 10 years.

The pay package also requires that Musk expand Tesla’s product offerings to include 1 million Robotaxis in commercial operation and the “delivery of 1 million AI Bots.” Currently the company has about 30 autonomous robotaxis in its invite-only Austin ride-hailing service, though this week the company expanded the waitlist for the service to everyone. Tesla's Optimus robots are still under development.

Musk would also have to take part in his own succession planning and develop a framework for who’s to follow him.

Investors have historically tied the fate of Tesla with Musk, so holding on to him for an extended period of time and having his blessing for the succession plan is typically seen as good news for the stock.

“We believe that Elon’s singular vision is vital to navigating this critical inflection point,” the filing reads. “Simply put, retaining and incentivizing Elon is fundamental to Tesla achieving these goals and becoming the most valuable company in history.”

A judge twice struck down Musk’s previous $56 billion compensation package. Last month the board approved a $30 billion interim pay package, saying that “retaining Elon is more important than ever.”

Shareholders will vote on the pay package at their annual meeting on November 6.

Old Navy store on 34th street in New York City, U.S.

Gap pops as the denim giant takes a big swing into beauty and accessories

The retailer is piloting beauty through shop-in-shops at Old Navy before rolling it out to Gap stores next year.

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