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Temu app
(Cheng Xin/Getty Images)

Temu tumbles on US app store rankings as the fast-fashion giant pulls its Google Shopping ads

Once the top shopping app, Temu is losing some steam as it braces for a major shipping crackdown.

Nia Warfield

Temu’s check-out line is getting a lot shorter.

The viral shopping app, known for ultracheap deals on everything from furniture to faux leather jackets, has plunged in the app store charts over the past week. As of Thursday afternoon, Temu had dropped from its usual top-five ranking to 64th among free apps in Apple’s US App Store — just days after the company abruptly pulled its Google Shopping ads. Temu has become a household name, especially in the US, where over half of consumers say they’ve shopped the app at least once over the past year, a recent survey found.

The dip comes as Temu, owned by China’s PDD Holdings, faces pressure on multiple fronts. Last week, President Trump announced plans to triple small-parcel shipping fees, closing the “de minimis” loophole that let platforms like Temu and rival Shein ship tons of cheap goods to US shoppers tax-free. At the same time, Chinese imports are being slapped with new tariffs of up to 125%, even as other trading partners see relief. The pressure is on: since April 8, Temu’s paid traffic has dropped 80%, Similarweb data shows. Meanwhile, Amazon page views for its “Haul” storefront — a Temu-style platform offering a variety of products under $20 — have more than doubled in the same period. 

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OpenAI’s ARR reached over $20 billion in 2025, CFO says

Sam Altman’s $500 billion artificial intelligence behemoth hit a major financial milestone last year, according to a new blog post over the weekend from OpenAI CFO Sarah Friar, as the company confirmed it had hit a more than $20 billion annual revenue run rate at the end of 2025.

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News

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