Online grocery sales soar to highest levels ever

Online grocery sales soar to highest levels ever

British shoppers spent £1.4bn on groceries online during the month of January, a growth of 121% in the last four weeks ending 30th January. A large proportion of this expenditure was from new online shoppers who spent an equivalent of £770m, reveals new data released today by NielsenIQ.

Snap shares fall despite a growth in user numbers

The social media firm announced financial results for the quarter and full-year ended December 31, 2020. Fourth quarter revenue increased 62% year over year to $911m, with daily active users increasing 22% year over year to $265m. Fourth-quarter operating cash flow improved 21% year over year to $53m and net loss and adjusted EBITDA were … [Read more…]