Business
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.

More Business

See all Business
Hollywood Exteriors And Landmarks - 2025

1 year into the Switch 2, we might’ve seen the top of the console market

The Switch 2 launched on this day in 2025. Amid a rough year for consoles, Nintendo has logged a good one.

business

GM has reportedly rehired more than 100 former Cruise employees, 18 months after shuttering the robotaxi unit

GM has rehired more than 100 employees it let go early last year when it shuttered Cruise, its former robotaxi business, according to reporting by The Information.

The hiring spree, which also includes employees from Nvidia and Uber, is geared toward ramping up GM’s plans for personal-use self-driving vehicles and not robotaxis. The former had been the focus of Cruise, prior to GM shuttering it in 2024.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

Stacked Cars in Parking Lot

With gas prices soaring, the humble sedan is making a comeback

Recent US sales data reveals a “sedanaissance” among major automakers like Honda, Hyundai, and Toyota.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.