😯 Guess How Much AI SaaS Could Skyrocket
Plus: Grocery Profits Scrutinized, Weight Meds Get Boost, and More
Top 5 market, investing, and business insights of the week, from outside the mainstream media, that should be on your radar, along with our top 3 charts.
Let's get to it!
Top 5 Insights of the Week
1. 🚀 $700B with AI SaaS
SaaS market is set to grow from $121.33 billion in 2020 to $702.19 billion by 2030.
Growth is driven by the need for unified business tools, increasing mobile usage, and AI advancements.
AI integrated SaaS will give small businesses advanced tools like machine learning, once exclusive to large corporations.
2. 🛒 Grocery Profits Scrutinized
The FTC calls for a deeper look into grocery profits and their impact on prices since the pandemic.
Sues to block Kroger's acquisition of Albertsons, fearing price hikes for millions.
Big chain grocers harm smaller ones and communities, potentially breaking antitrust laws.
Grocery profits hit 6% over costs in 2021 and 7% in 2023, topping the 2015 peak of 5.6%.
3. 💊 Weight Meds Get Boost
Medicare now pays for weight loss drugs like Wegovy to help reduce the risk of heart attacks and strokes.
110 million obese American adults can now have access.
Weight-loss drug sales hit $21B in 2023, $15B from U.S
Without insurance, Wegovy can cost around $1,349.02 per month.
4. 🖨️ HP's Gen-Z Print Plan
HP launches $6.99/month* printing subscription for millennials/Gen-Z, including printer, ink, and 20-page limit.
Printer market is valued at $54.35 billion in 2024, set to reach $67.88B by 2029.
HP's printer rental involves continuous monitoring, raising privacy concerns about potential data sharing with advertisers.
CEO aims to introduce subscriptions for printers, PCs, and other products.
5. 🍔 DoorDash Drone Delivery
DoorDash partners with Alphabet's Wing for U.S. drone delivery pilot in Christiansburg, Virginia, with plans for expansion.
Alphabet continues drone delivery efforts with 350K+ deliveries in 3 countries.
DoorDash’s robotics and automation arm initiated the drone delivery partnership.
Drone delivery market hit $1.68B in 2023.
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Top 3 Charts of the Week
1. The Russian Ruble Has Lost Ground Despite State Support
Putin re-elected as Russian president for 6 more years with 87% of votes in a disputed election, sparking protests.
Ruble sees drastic swings after the Ukraine invasion, falling from 100 rubles to $1.25-$1.60 to around $0.72, leading to Kremlin intervention.
Russia's economic indicators, like GDP, appear strong because they count every new tank, bomb, and weapon produced.
2. DICK'S Sporting Goods: From Shop to Empire
DICK’S Sporting Goods hit record sales, up over 15% in the latest quarter.
Despite 2023 supply chain issues, DICK’S achieves 8% sales growth, defying e-commerce trends.
DICK’S diverse products keep it as top choice for outdoor shoppers, highlighting preference for physical stores.
3. Meta Profits Uniquely from Its Users
Reddit's IPO surged 48% above its initial offering price.
Reddit's revenue per daily active user $3.42 lags behind Meta's $12+.
Reddit's strength is its data for AI training, seen in a $60 million deal with Google.
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