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UPS is continuing to withdraw from its business relationship with Amazon. By the second half of 2026, UPS said it will cut its shipping volumes for Amazon by more than 50 percent under the companies' revised arrangement. "Amazon is our largest customer, but its not our most profitable customer," CEO Carol Tomé said during an investor call about the shipping and logistics company's latest financials. Business with Amazon accounted for about 11 percent of UPS' 2024 revenue, which totaled $91.1 billion. Amazon was a larger share of UPS' revenue during the peak of the COVID-19 pandemic; in 2020, the retailer was responsible for 13.3 percent of its annual revenue. UPS shared similar plans to cut back its business with Amazon in 2023 as its revenue from the retailer dwindled from quarantine-era levels. Although Amazon does rely on outside companies for some shipping, those relationships have sometimes turned tenuous as the retailer continues to grow its in-house options for delivering orders. In 2019, FedEx took a similar path of uncoupling its services from Amazon when it announced that it would not renew its ground-delivery contract with the big tech partner. A few months later, Amazon blocked third-party sellers from using FedEx ground-delivery services.This article originally appeared on Engadget at https://www.engadget.com/big-tech/ups-plans-to-slash-its-shipping-business-with-amazon-by-half-185913504.html?src=rss
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Marketing and Advertising
Metas Threads app is getting some new Instagram-like features. According to Instagram head Adam Mosseri, Threads is adding a dedicated media tab which highlights users posts with photos and video, as well as photo tagging abilities. According to Mosseri, the media tab feature is a long overdue request from the community. Both X and Bluesky have a media section in users profiles (Bluesky also recently added a separate tab just for video). Threads photo tagging feature, on the other hand, will look familiar to most Instagram users. When sharing a photo in a post, you can search for other users handles to tag. Those tags will then be visible to others. Meta Mosseri also said that Threads markup tool, which was introduced last week, will now be available to all the apps users globally. That feature allows users to doodle on top of other peoples posts. Meta has significantly ramped up the pace of updates for Threads in recent months as the app has faced increased competition from Bluesky. That included copying a few of its smaller rivals features. So far, though, Metas strategy seems to be working. Threads has now grown to 320 million monthly users, 100 million of whom return daily, according to Mosseri. The company also recently began to test its first ads on the service.This article originally appeared on Engadget at https://www.engadget.com/social-media/threads-is-getting-a-dedicated-media-tab-and-photo-tagging-184322350.html?src=rss
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Marketing and Advertising
Many of us in the northern hemisphere are contending with the harsh realities of winter and while the weather outside is often awful, at least we can try to be more comfortable when we're home. A smart thermostat can prove useful on that front as it can optimize the conditions in your home, whether you're there or away. The Google Nest Learning Thermostat is a popular model, and the latest iteration is on sale. It can now be yours for $240, which is $40 off the regular price. The thermostat actually dropped to a slightly lower price of $230 during the holidays. Still, a 14 percent discount is nothing to sniff at especially if the device can help to significantly reduce your energy bills. Google claims that the latest Nest Learning Thermostat delivers more accurate readings thanks to the help of AI. The device can offer suggestions on how to lower your energy usage though, as you might expect, it can automatically adjust settings in your home based on factors like the ambient temperature. To help measure that, the thermostat comes with a wireless temperature sensor that is said to run for up to three years before a battery replacement is needed. Extra sensors are available to purchase separately three for $100 or $36.45 for one (usually $40, but that's on sale too). You can connect as many as six to a single Nest Learning Thermostat and placing them around your domicile. The latest thermostat is more customizable than its predecessors as it has several smartwatch-style faces. You might change the colors or make it appear more like a digital clock. The display is 60 percent larger this time too. In addition, the Nest Thermostat uses integrated Soli radar sensors to determine how close you are to it and automatically adjust the user interface. For instance, as you move back from the display, the thermostat will increase the font size to make text more legible. Follow @EngadgetDeals on Twitter and subscribe to the Engadget Deals newsletter for the latest tech deals and buying advice.This article originally appeared on Engadget at https://www.engadget.com/deals/the-2024-google-nest-learning-thermostat-is-40-off-right-now-181024491.html?src=rss
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Marketing and Advertising
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