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Engagement vs enragement: Pinterest chiefs challenge rivals on mental health, teen protection, vie for performance ad dollars amid acquisition cost crunch, Mecca, Pandora, Adidas buy-in

Pinterest aims to put clear air between itself and rival platforms under pressure globally over mental health and algorithm-induced anxiety and the prospect of teen bans locally. It’s simultaneously making a play for more full-funnel ad dollars as performance media acquisition costs soar, doubling in the last four years and threatening unit economics, especially for ecom pureplays. The platform called out rivals at this week’s annual showcase, with global CEO Bill Ready talking up a “positive business model centred on emotional wellbeing rather than engagement via enragement”, and throwing down the gauntlet to Meta, Twitter and TikTok to use its third party-developed tools to gauge negative impacts on users. Local MD Melinda Petrunoff said it’s been private by default for under-16s for more than a year “before this was a discussion”, and advertisers are buying the positive vibe. Now it’s pushing performance and commerce capability – and the likes of Mecca, Pandora, Adidas and Walgreens are converts.

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Klook’s first consumer travel event set to revolutionise traditional travel Expos

Klook, the rapidly expanding travel experiences booking platform, is set to launch its inaugural consumer travel event, ‘Klook Travel Fest’, on Saturday, 30 November at Sydney’s Carriageworks. The event, hosted by singer and TV personality Faustina ‘Fuzzy’ Agolley, aims to offer travel enthusiasts exclusive discounts, prizes, and expert tips on travel hotspots including Japan, the US, and Hong Kong.

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Aussie shoppers confused over ‘Australian Owned’ labels say local brands

A coalition of Australian food businesses, including Norco, SPC, Sanitarium Health Food Company, Mayvers and Sunshine Sugar, has formed in response to shopper confusion over ‘Aussie owned’ products. New research from Norco, Australia’s oldest and largest 100% farmer-owned dairy co-operative, reveals that due to inflation, Australian households are spending up to an extra $1.64bn in their monthly grocery shops.

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