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...
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The Shaky Mental State of Silicon Valley
Hi, welcome to your Weekend! Next month, when the San Francisco Board of Supervisors reconvenes after its summer recess, one of the matters up for discussion will be a resolution to decriminalize the use of psychedelics. While San Franciscans have never needed Board approval to partake in the wonders of nature, you can bet plenty of tech workers around town will be rooting for a yay...
Peloton Announces Job Cuts, Store Closures and Price Hikes
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Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
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