R|T: The Retail Times – The Shopify exec paid more than Tobi Lütke and Harley Finkelstein
Plus: Lightspeed’s Dax Dasilva sheds interim label from CEO title and puts EBITDA in the green.
Retail
US court overturns $40-million USD patent infringement verdict against Shopify
Shopify calls the judgment “a significant victory in the battle against patent trolls.”
Busbud acquires South African revenue management platform Ratality
The acquisition adds demand forecasting, dynamic pricing, and fleet management features to Busbud’s platform.
Lightspeed stock jumps as Dax Dasilva stays put, posts positive Q4 earnings
The firm’s founder is officially back in the CEO chair, shedding the interim label he’s had since February.
R|T: The Retail Times – Shopify posts surprise Q1 loss, Lululemon under “greenwashing” investigation
Plus: What Tobi Lütke said at the BetaKit Town Hall.
Gatik secures $41 million CAD from Isuzu Motors as pair expands partnership to build autonomous trucks
Japanese automaker and tech firm with Canadian ties gear up to deliver driverless trucking.
Relocalize closes $2.3 million to decarbonize the food supply chain with micro-factories
Starting with Florida, Relocalize aims to take its ice-making tech across the southern US.
Nfinite Nanotech closes $8.9 million CAD to nanocoat sustainable packaging
Nfinite says its ultra-thin barrier seals sustainable packaging while maintaining recyclability.
AppDirect acquires low-code B2B marketplace builder Builtfirst
Nicolas Demarais-founded AppDirect looks to become a one-stop solution for B2B marketplace building.
R|T: The Retail Times – South Korean retail unicorn to set roots in Toronto
Plus: Shopify’s Tobi Lütke headlines BetaKit Town Hall.
Shopify posts revenue beat and surprise loss in Q1, touts European growth
Company plans to remain focused on building for long-term growth and profitability.
ITIF president wonders whether Canada has the “political will” to fix its productivity issues
Rob Atkinson pines for a “killer instinct” while launching the CCIC.
South Korea’s neighbourhood buy-and-sell app Karrot hits one million Canadian users, builds Toronto tech hub
Karrot aims to expand North American presence with Ritual, GoodGood co-founder Robert Kim.
R|T: The Retail Times – Klarna joins growing BNPL trend, sunsets rewards program
Plus: The Amazon union movement reaches Québec.
R|T: The Retail Times – Who gets a raise inside Shopify’s employee scoring system?
Plus: How Amazon has been spying on rivals.