Shopify’s revenue grew 56% to $1 billion in the second quarter from the year earlier period, a sign of how the ecommerce software firm is benefiting from the surge in online shopping. Shopify’s operating income surged to $139 million from $284,000 a year earlier. Meanwhile, a $779 million unrealized net gain on investments lifted Shopify’s net income to $879 million, from $35 million a year...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Tiger Global, Alkeon Slash Startup Valuations Amid Public Stock Selloff
For more than a year, startup founders have watched in awe and some trepidation as hedge funds and other large investors flooded private startups with big checks, pushing up valuations and making it easier than ever to raise money. Those freewheeling days may be numbered as a sell-off in public tech stocks bleeds into the startup world. Among the examples of change: Investors are starting to...
Amazon Shuts Down Retail Partnership Program, Pays $2.25 Million in Washington State Antitrust Settlement
HBO Max Sees 10% Jump in Retail Subscribers
Intel Wins Court Battle Against Landmark $1.2 Billion Antitrust Fine
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
The Big Interview Venture Capital Startups
Microsoft Quantum Computing Executive Sees Progress After Lagging Rivals
Exclusive Venture Capital Startups
Tech’s Great Headhunter Shortage: Employers Shower Recruiters With Better Pay, Benefits
Opinion Media/Telecom Entertainment
Why YouTube Sees Hollywood’s Future in the Creator Economy