E-commerce software giant Shopify forecast that its year-on-year revenue growth would come in at less than 20% in the first quarter, blaming higher inflation that’s weighing on consumer spending. Revenue totaled $1.7 billion in the fourth quarter, up 26% from the year ago period. Revenue from Shopify’s services business, which includes offerings like payment processing, fulfillment and...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Creator Economy facebook media/telecom
How Meta Verified Compares to Other Social Subscriptions
Pegged as a bundle “to help creators establish their presence” on its platforms, Meta Verified grants subscribers a blue checkmark, extra protection from impersonation and a direct line to customer support for an $11.99 monthly price tag (or $14.99 on mobile). But it will no longer include an increase in visibility and reach for paid users. After testing out the feature, Meta received feedback...
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
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
Exclusive markets startups
How JPMorgan Maneuvered During the Fall of Silicon Valley Bank
First Look startups ai
Boom Times in San Francisco’s AI Underground
The Big Read
The Instant Oral History of the Silicon Valley Bank Collapse
On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.