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Shopify hits record revenue, profits amid massive year of growth (BETAKIT)
In the fourth quarter alone, Shopify recorded total revenue of $977.7 million, a 94 percent year-over-year increase.
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Tech startup Ruckify delays public listing after discovering misappropriation of funds (THE GLOBE AND MAIL)
Co-founder Bruce Linton calls the incident ‘regrettable but resolved’ and said the company will eventually resume its push to join TSX-V.
Amazon has acquired Australia-based Shopify competitor Selz (BNN BLOOMBERG)
Amazon.com Inc. has acquired Selz, a Sydney-based e-commerce platform that helps small businesses create their own websites much the way Shopify Inc. does.
TikTok is testing out a seller marketplace (MODERN RETAIL)
The company recently published a page called TikTok Shop: Seller University, which outlines how brands and third-party sellers can set up their own stores, accept payments and interface with customers all inside the app.
General Assembly Pizza closes $13 million to scale pizza subscriptions across Canada (BETAKIT)
Toronto’s General Assembly Pizza has closed an oversubscribed $13 million CAD Series A round, exceeding its $3.5 million target.
The gig economy is coming for millions of American jobs (BLOOMBERG)
California’s vote to classify Uber and Lyft drivers as contractors has emboldened other employers to eliminate salaried positions — and has become a cornerstone of bigger plans to “Uberize” the U.S. workforce.
Amazon documents reveal company’s secret strategy to dodge India’s regulators (REUTERS)
Amazon favored big sellers on its India platform – and used them to maneuver around rules meant to protect the country’s small retailers from getting crushed by e-commerce giants, internal documents show.
Organized DoorDash drivers’ #DeclineNow strategy is driving up their pay (VICE)
Using a loophole in an old Android version of DoorDash, more than 26,000 DoorDash drivers are collectively declining cheap orders to make more money on the platform.
How ugly grocery delivery services went mainstream during the pandemic (MODERN RETAIL)
Even ugly groceries got a boost during the pandemic.
Postmates drivers have become easy prey for scammers. And drivers say the company’s not helping (THE MARKUP)
Gig workers, who report to a phone app instead of a human, are unusually vulnerable to phishing scams that drain entire paychecks.