Seeking Alpha

Seeking Alpha's Weekly Media, Tech, And Finance News Round Up

|
Includes: AMZN, AXP, BAC, FB, FIT, GOOG, GOOGL, GS, WFC, WPP
by: SA Hana Abduljaami
Summary

The weekly news round up covers general media market and business/finance news.

Its purpose is to highlight information relevant to the advertising and marketing environment Seeking Alpha competes in.

This week's must reads brought to mind two phrases coined by Marshall McLuhan, "global village" and "the medium is the message".

Earlier this week Americans celebrated Labor Day, a holiday defined by the Department of Labor as a celebration of the social and economic achievements of the American worker. For the average American, Labor Day marks the unofficial end of summer, and for retailers, back-to-school sales and a myriad of other reasons for consumers to spend.

Seventy-eight percent of full-time workers in the U.S. live paycheck-to-paycheck and, according to the Ipsos Affluent survey, a measure of U.S. adults age 18+ with household income $100,000+, 22% of those we consider to be doing well financially. Fun fact: Seeking Alpha’s audience, as measured in the Ipsos survey, is less likely than average to live paycheck-to-paycheck, only 15% versus 22% average.

How much more important is financial literacy for the average American considering technology’s impact on businesses and the natural repercussions for consumers?

The medium

The message

Other interesting reads from the past week

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.