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Deja Mu: Why Temu bought so many Super Bowl ads

Deja Mu: Why Temu bought so many Super Bowl ads

I think I’ve seen this ad before…

Online marketplace Temu ran the same ad so much during the Super Bowl broadcast that newspublications can’t agree on whether it aired 5 or 6 times, as the Chinese-owned platform looks to keep interest in its app burning in the US.

With the average 30-second slot reportedly costing ~$7m, PDD Holdings, the company behind Temu, may have splashed out as much as $42m on the promotions… and that’s before accounting for the $10m in giveaways it promised on game day.

Shop ‘til you drop

Having not even celebrated its 2nd birthday as a company, Temu has exploded onto the crowded e-marketplace landscape, becoming the most downloaded iPhone app last year in the US. The platform promises the ability to “shop like a billionaire”, with its gamified and giveaway-heavy storefront offering millions of low-cost products (mostly shipped from China) proving to have piqued American interest.

Even compared to Shein, an e-commerce giant that’s scaled at hyperspeed, Temu’s rise has been meteoric, with Google searches soaring since its US launch in September 2022. However, like the platform’s controversial compatriot — which it filed an antitrust lawsuit against in July ‘23 — Temu is attracting the ire of politicians and accusations of forced labor, at a time when US sales on the platform are already reportedly dropping.

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Report: OpenAI won’t pay a dime in cash for its 3-year licensing deal for Disney IP

More financial details behind the landmark deal that will grant OpenAI three years of access to Disney intellectual property are coming out, and they’re pretty surprising.

The deal will reportedly see OpenAI pay zero dollars in licensing fees, instead compensating Disney in stock warrants. It was previously reported that Disney would invest $1 billion into OpenAI as part of the agreement.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

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Ford says it will take $19.5 billion in charges in a massive EV write-down

The EV business has marked a long stretch of losing for Ford, and today the automaker announced it will take $19.5 billion in charges tied, for the most part, to its EV division.

Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

The Detroit automaker also raised its adjusted earnings before interest and taxes outlook to “about $7 billion” from a range of $6 billion to $6.5 billion.

Ford’s write-down is one of the largest taken by a company as legacy automakers scale back on EVs, giving EV-only automakers a market share boost.

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