ShopRunner CEO Sam Yagan, one of Time's 100 Most Influential People in the world, had a hand in revolutionizing online dating through both OkCupid and Tinder, and is now looking to take on Amazon's shipping dominance with a new partnership between ShopRunner and Apple Pay.
"I think through OkCupid and Tinder, both of which I was involved with, it was all about using data," Yagan, co-founder of OkCupid and current vice chair of Match Group, explained in a Cheddar interview Wednesday.
"One of the powers of Amazon is they have so much data on you they're able to make these good recommendations," he added.
ShopRunner has a lineup of more than 140 top retailers, including Neiman Marcus and Jimmy Choo. Yagan is betting that combining the power of those kinds of brands with the instantaneous nature of Apple Pay will give shoppers another option besides Amazon.
"One of the best parts about a shipping program is you want the entire experience to be seamless, and of course Apple Pay is the best at having that one-click checkout, so we thought bringing shipping plus seamless checkout together would make a great e-commerce experience"
Yagan would also go on to compare the simple swipe mechanic of the Tinder dating app to what he wants the new partnership to provide consumers.
"The Tinder experience is just so beautiful," Yagan said. "One click to log in, you just start swiping and you're on a date instantly. That's the kind of experience I want to give people in e-commerce."
While ShopRunner has a membership fee, its benefits are free to anyone using Apple Pay where ShopRunner is accepted.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
