In a recent memo to employees, Shopify CEO Tobi Lütke made a bold policy change: teams must demonstrate why AI can’t perform a job before they’re permitted to ask for more headcount and resources. “Before asking for more headcount and resources, teams must demonstrate why they cannot get what they want done using AI,” Lütke […]
Shopify CEO tells teams to consider using AI before growing headcount Read More »
Automattic, the company behind WordPress.com, Tumblr, WooCommerce, and a range of other online services, is reducing its workforce. The layoffs will impact 16% of staff across divisions, an Automattic blog post published Wednesday reveals. Ahead of the layoffs, Automattic’s website listed 1,744 employees, which means north of 270 people may have lost their jobs. (Automattic
WordPress maker Automattic lays off 16% of staff Read More »
In 2010, a programmer who was mining bitcoin famously made the comically expensive mistake of spending 10,000 bitcoin on two pizzas. As of this writing, those coins would be worth $850 million dollars. While there are few comparisons to that kind of miscalculation, the prospect of adding interest payments to fast-food orders is raising concerns
Buy now, pay later . . . for a burrito? Read More »
Google announced on Wednesday that kids with Android phones can now tap to pay at stores using Google Wallet in the United States, United Kingdom, Australia, Spain, and Poland. Parents and guardians in these countries can now allow their children to access digital payments on their Android devices with supervision. Kids can also use Google
Google now lets kids use Google Wallet for in-store payments in select countries Read More »
Nearly 10 years after filing to go public on the New York Stock Exchange (NYSE) and Toronto Stock Exchange, Canadian e-commerce platform Shopify has announced that it’s transitioning its U.S. listing to the Nasdaq. In a filing with the Securities and Exchange Commission (SEC) on Wednesday, Shopify said it is removing its Class A shares
Shopify transfers its US listing from the NYSE to the Nasdaq Read More »
African businesses pay up to four times the global average to transport goods, driving up prices for essentials like food and medicine. Logistics make up 75% of product costs on the continent, according to the African Development Bank (AfDB). Many of these businesses also rely on manual logistics, leading to delays. Nairobi-based logistics software-as-a-service provider
Google, Speedinvest back Kenya’s Leta, which uses AI to make logistics cheaper Read More »
La Fourche is just seven years old but it has been quite a rollercoaster for the French startup. During this time, the online grocery retailer has gone through a global pandemic, followed by the rise of venture-backed quick-commerce startups that promised grocery deliveries in less than 15 minutes, followed by the implosion of that vertical.
How La Fourche, an online organic supermarket, is thriving after q-commerce’s bust Read More »
CollX, a company offering an online trading card marketplace, has raised $10 million in Series A funding. The round was co-led by Austin-based Brand Foundry Ventures and Philadelphia-based 114 Ventures, both of which were previous investors in the company. Other investors such as Next Coast Ventures, FJ Labs, and Ben Franklin Technology Partners also participated
CollX raises $10M to grow its card collection marketplace Read More »
eBay announced on Thursday that it has updated its platform to help buyers find fast-shipping items and local listings, thanks to changes to Search item cards and additional usage of AI. The company is making it easier to identify items with fast delivery, as search item cards now display delivery range estimates for all fast
eBay makes it easier to find fast-shipping items and local listings Read More »
Being somewhat later than Europe in adopting the idea of parcel delivery, much of Asia built its delivery infrastructure around e-commerce, effectively ‘Uberising’ how deliveries worked down to the last mile. Think DoorDash but for parcels, not food. This is what the founders of Europe’s Relay realized and decided to bring to the region —
Europe’s Relay pulls in $35M Series A after applying Asia’s model to delivery Read More »
