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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Amazon Takes Its Time Delivering Second Round of Job Cuts
Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this year’s IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. That’s one takeaway from Amazon CEO Andy Jassy’s explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed...
New Report to Australian Government Alleges ByteDance Poses Disinformation Threat
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
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