Biden encourages all departments to go all in on increasing competition, Will Craiglist decline create opportunity for NextDoor?, Will public notification of facial recognition deter shoppers?

The Near Memo

Send us a text

An unusually assertive Biden who noted that this 40-year “experiment” has failed. “Capitalism without competition isn’t capitalism,” he proclaimed at the signing of the executive order. “It’s exploitation.” It remains to be seen if real changes will occur but this is the first time in recent memory that a President has made it clear that the whole of the executive branch is responsible for increasing competitiveness.
Craigslist has seen a decline of almost 50% over the past 3 years with much of that loss going to Facebook Marketplaces. Can Nextdoor take advantage of this?
NYC has recently passed a law requiring that businesses post notice of any biometric tracking taking place and prevent them from selling that data. Will this increased awareness of the increasing use of Facial recognition technology change consumer behaviors or will it require additional intervention to allow them to prevent this>
The Near Memo is a weekly conversation about Search, Social, and Commerce: What happened, why it matters, and the implications for local businesses and national brands.
EP 31 Near Memo

Subscribe to our newsletters and other content at https://www.nearmedia.co/subscribe/