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Despite double-digit subscription growth, Shopify’s recurring revenue now makes up a smaller portion of its total business as commerce-driven revenue accelerates.
Starz lowers their annual price, PlayStation Plus raises theirs and Butternut Box raises cash for canine food.
Ecommerce service provider Shopify announced it will reduce its workforce by 20% and sell Shopify Logistics to Flexport.
Shopify saw strong growth in revenue, gross merchandise volume and MRR but major operating losses.
Shopify announced that they were increasing pricing for their merchant subscription plans by an average of 33%.
Urban Plates is cutting subscription prices in half, Shopify launches a new product to attract big retail, and Autonomy is in trouble.
Ecommerce platform Shopify plans to acquire ecommerce fulfillment provider Deliverr for $2.1B.
Though Shopify reported a 41% increase in earnings, they also reported a $(371.3)M net loss.
Fintech and infrastructure startup Skio raises $3.7M to help Shopify merchants sell subscriptions.
Five major textbook publishers are suing Shopify for allegedly violating copyright laws by selling PDFs of textbooks without authorization.
