Small BusinessSmall Business NewsSmall Business News | eBay launches new AI tool, TikTok Shop hikes...

Small Business News | eBay launches new AI tool, TikTok Shop hikes fees, small businesses boost job growth

This week, on ASBN Small Business News, anchor Shyann Malone brings you up to speed on the latest tools and resources now available for small to medium-sized businesses.

Top Stories

EBay has launched an innovative tool that uses advanced artificial intelligence (AI) to simplify social media sharing for its merchants. With this new feature, sellers can easily create social media posts to promote their listings, making them more accessible and efficient. Sellers today heavily rely on social media platforms to market their goods. However, crafting captivating content can be a daunting task. EBay has introduced a new AI-powered service that generates interesting social media captions with just one click to address the issue. Read More

A recent report suggests that TikTok Shop plans to significantly increase its fees to improve its e-commerce operations' profitability.A recent report suggests that TikTok Shop plans to significantly increase its fees from 2% to 8% to improve its eCommerce operations’ profitability. The report reveals that the company has had internal discussions around its 2024 merchandise volume goal, which may change over time. By aiming for this objective, TikTok intends to compete with Amazon, Temu, and Shein, two other Chinese-owned businesses that have become popular in the US market. Read More

Small businesses contributed roughly 45% of all job gains in December as the labor market continued to protect the economy from recession.Small businesses added 74,000 jobs to the U.S. economy in December as pre-pandemic norms continued to return to the labor market in the final weeks of 2023. In total, businesses added 164,000 employees in December and ended the year with an annual wage growth of 5.4%, according to a joint report from human relations and payroll firm ADP and the Stanford Digital Economy Lab. December was the fourth month in a row that the labor market improved, driven by modest increases in hiring among hospitality and leisure small businesses. Read More

Mastercard plans to launch an AI-powered virtual mentoring platform serving small business owners hailing from diverse backgrounds.Mastercard is the latest in a slew of big companies planning to announce the development a small business-focused artificial intelligence tool, aiming to help entrepreneurs find success. In an article and video emphasizing the upcoming platform’s inclusivity, the company explained that its Mastercard Small Business AI will provide virtual mentorship and professional guidance for a variety of entrepreneurial subjects. Read More

Did you know? ASBN America’s Small Business Network is now available to stream in over 70 million broadcasting households for users with Roku, Firestick, AppleTV, and mobile Android [download] and Apple IOS [download] devices.

ASBN Small Business NetworkASBN, from startup to success, we are your go-to resource for small business news, expert advice, information, and event coverage.

While you’re here, don’t forget to subscribe to our email newsletter for all the latest business news know-how from ASBN.

Colin Velez
Colin Velez
Colin Velez is a staff writer/reporter for ASBN. After obtaining his bachelor’s in Communication from Kennesaw State University in 2018, he kicked off his writing career by developing marketing and public relations material for various industries, including travel and fashion. Throughout the next four years, he developed a love for working with journalists and other content creators, and his passion eventually led him to his current position. Today, Colin writes news content and coordinates stories with auto-industry insiders and entrepreneurs throughout the U.S.

Related Articles