Within roughly the past six months alone, Swiftly expanded its alcohol rebate programs from about 11,000 stores to more than 33,000 stores in 44 states. Swiftly had built an alcohol cashback product in 2023 but scaled it through the acquisition of alcohol promotions platform BYBE in 2024.
According to the FTC, advertisements for vehicles must clearly include all mandatory fees that a customer would have to pay to purchase the car. If certain costs are unavoidable, such as required dealer add ons or fees that apply to every buyer, those charges should already be reflected in the advertised price.
The EU's European Commission said Tuesday that it has opened "formal proceedings" against Shein under the Digital Services Act, which sets ground rules for online services that Europeans use. In the announcement, the commission says it is targeting Shein over worries that the shopping platform is addictive by design, powered by opaque algorithms, and engages in the sale of illegal goods, including weapons and child sexual abuse material in the form of "child-like sex dolls."
These days, the internet "looks a hell of a lot more like Las Vegas than 'Little House on the Prairie.'" That's how Andrew Ferguson, chair of the Federal Trade Commission, described the online experience of children in his opening remarks for an FTC workshop on age verification last week. The event took place on Wednesday, January 28, which also happened to be Data Privacy Day, an annual "holiday" of sorts to raise awareness about privacy issues and encourage better data protection practices.
Markup is how much you add to your cost to get your selling price. If something costs $10 and you sell it for $15 , you added $5. That's a 50 percent markup on your cost. Where people get confused is that markup isn't the same as margin, even though the terms get used interchangeably all the time. Margin measures profit as a percentage of the selling price, and markup measures it based on your costs. Same dollar, different percentages.
