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Social Media's Relentless Shopping Machine Has Created an Army of Debt-Laden Buyers

The influencer economy that Goldman Sachs projects will reach nearly half a trillion dollars by 2027 depends on a less-examined population: the influenced, millions of people who find themselves accumulating debt and clutter after years of exposure to what amounts to a 24/7 digital infomercial.

Antoinette Hocbo, a former marketing professional who knows the tricks brands use to chip away at willpower, bought a $199 Pilates program, an iPad, and an arsenal of makeup products after TikTok's algorithm served her a stream of aspirational content. The Pilates gear now sits unused. Elysia Berman accumulated over $50,000 in debt across four credit cards and four buy-now-pay-later services during the pandemic, purchasing items she never wore because influencers recommended them.

A 2024 Pew Research Center survey found 62% of adults on TikTok use the platform to find product reviews and recommendations. Marketing expert Mara Einstein told The Verge that brands now need seven exposures to prompt consumer action, up from three in the pre-social media era. The vastness of the internet has allowed available products to bloat beyond imagination.

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Lenovo's Next Gaming Laptop May Have a Rollable OLED Screen That Stretches Ultrawide

Lenovo may be preparing to unveil a gaming laptop that uses rollable OLED technology to expand horizontally into an ultrawide 21:9 display, according to a Windows Latest report suggesting the device could appear at CES 2026 in January. The Lenovo Legion Pro Rollable would differ from the company's existing ThinkBook Plus Gen 6, which expands its screen vertically.

The new gaming-focused design would see the left and right edges of the display extend beyond the laptop's base chassis when unrolled. Specific details remain scarce. Windows Latest doesn't know the display resolution, refresh rate, screen dimensions in either state, pricing, or release timing -- though it does mention an Intel Core Ultra processor. The ThinkBook Plus Gen 6 currently sells for $3,500.

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China's Growth Is Coming at the Rest of the World's Expense

China has contributed less to global growth this year than the U.S. despite Beijing's frequent criticism of protectionism, according to a Wall Street Journal analysis citing new research from Goldman Sachs economists. U.S. imports are up 10% so far this year compared to a year earlier, while China's imports have fallen 3% in dollar terms. Goldman's economists found that the historical relationship between Chinese growth and global growth has turned negative; where 1% more Chinese output once raised world output by 0.2%, the bank now projects.

China will grow about 0.6 percentage points faster annually over the next few years while reducing the rest of the world's growth by 0.1 point per year. China's current account surplus could reach 1% of world GDP by 2029, Goldman estimates, larger than any country's since the late 1940s. China now accounts for 17% of global GDP.

Read more of this story at Slashdot.

thexiffy

Last.fm last recent tracks from thexiffy.

The National - Santa Clara

The National

Sub Logics - U Know

Sub Logics

The Register

Biting the hand that feeds IT — Enterprise Technology News and Analysis

DJ Garman drops the ball instead of the bass in AWS re:Invent keynote

But the 25 announcements in the last 10 minutes included a few well worth waiting for

AWS CEO Matt Garman's annual re:Invent keynote was the best kind of keynote, in that you could have slept in for nearly all of it and still been thrilled to pieces, provided you caught the last ten minutes. He concluded what was otherwise an AI-palooza chock full of boring guest speakers with an Andy Jassy style "twenty-five releases in ten minutes," complete with a basketball-style ten-minute shot clock counting down the time.…

Meta and Google turn to NextEra to feed insatiable datacenter power hunger

The Chocolate Factory will also put its AI to work inside one of America’s biggest utilities

NextEra Energy on Monday tightened its grip on hyperscaler power demand, adding 2.5 GW of new renewable projects for Meta while deepening its partnership with Google, which already covers about 3.5 GW of capacity.…

Hollywood Planets

Thomas Hawk posted a photo:

Hollywood Planets

Found Photograph

Thomas Hawk posted a photo:

Found Photograph

Wel.nl

Minder lezen, Meer weten.

Trump uit felle kritiek op EU-boete voor socialmediabedrijf X

WASHINGTON (ANP/BLOOMBERG) - De Amerikaanse president Donald Trump begrijpt niet hoe Europese toezichthouders de hoge boete voor socialmediabedrijf X kunnen rechtvaardigen. Hij noemde de boete van 120 miljoen euro voor het bedrijf van Elon Musk maandag "naar" en zei dat Europa "in een aantal slechte richtingen" gaat.

Volgens Brussel heeft X regels voor onlinecontent overtreden. Trump is het hier niet mee eens. "Ik zie niet hoe ze dat kunnen doen. Europa moet heel voorzichtig zijn", waarschuwde hij. Vorige week bagatelliseerde Musk de boete op zijn platform en reageerde met "Bullshit" onder een bericht van de Europese Commissie waarin de boete werd aangekondigd. "Vrijheid van meningsuiting is de basis van de democratie. De enige manier om te weten waar je voor stemt", schreef de Amerikaanse miljardair.

Musk vindt ook dat de EU moet worden opgeheven. Eerder beschuldigde hij de EU al van censuur.