Shopify posts 26 percent YoY revenue jump, but growth still below pandemic highs
Shopify beats analyst projections in Q4 with over $1.7 billion USD in revenue.
Retail
R|T: The Retail Times – Ssense failed to notify government of its cyberattack
Plus: eBay to lay off 4 percent of work force.
R|T: The Retail Times – Amazon facing antitrust, slower growth
Plus: Lightspeed layoffs Groundhog Day
Following exit to Live Nation, Universe founders secure $10.8 million for online art marketplace Peggy
Peggy uses AI to help artists and collectors authenticate artwork.
Shopify unveils new features for shopping app, fulfillment network in latest products update report
Shopify focused on expanding its fulfillment network and Shop app.
Raven.ai aims to address supply chain issues following $12 million USD Series A
“We believe Raven’s solution will play a key role in engaging these frontline teams.”
Shopify invests in US-based e-commerce analytics aggregator Triple Whale
Triple Whale helps Shopify merchants unify business metrics into one dashboard.
After selling startup to Instacart, New School Foods founder raises $15.9 million CAD to create plant-based meat
Toronto startup’s tech can produce plant-based salmon fillets.
Lightspeed one-time net loss of $814.8 million USD sends Groundhog Day signal: six more weeks of tech winter
Lightspeed makes slight revenue gain but faces recessionary pressures in the marketplace.
R|T: The Retail Times – Shopify loses third C-Suite exec since September
Plus: Tiny Capital enters deal to go public.
RocketRez closes $20 million CAD Series B to fuel European tourism expansion
CEO: “We’re a little company in Manitoba taking on the world.”
Shopify CTO Allan Leinwand to depart company, citing “personal reasons”
CEO Tobi Lütke to also lead R&D as Shopify loses third C-Suite exec since September.
R|T: The Retail Times – Why everyone is making layoffs—except Apple
Plus: Inside the battle for the future of Amazon.
Tiny enters deal to go public on TSXV through merger with WeCommerce
Tiny created WeCommerce in 2019 to acquire Shopify partner businesses.
Layoffs spread to Clutch, Canada Drives as online auto marketplaces gear down
Clutch cut approximately 65 percent of its staff.