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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.
Black Friday was a multi-billion dollar holiday for Shopify merchants. They set record sales of $2.4 billion, a 75% increase over 2019 sales.
Comcast has more streaming subscribers than cable subscribers, SpaceX prices Starlink satellite internet, and TikTok and Shopify partner.
Global ecommerce platform Shopify saw record revenue growth of 97% during the second quarter of 2020 due to the coronavirus pandemic.
Apple is now valued at $2 trillion, TIME reports strong digital growth in Q2, and ESPN+ raises its price and adds more content.
Weekly Subscription News, Apr. 11: HBO gives Americas 500 free hours of prem. content, Bustle lays off 24, SF Examiner and SF Weekly cut
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