In 2019, Shopify spent $1 billion to build fulfillment centers in the U.S., trying to compete with Amazon by deliver packages in less than 48 hours. This effort was described by Shopify CFO Amy Shapero as “energizing the flywheel.”
Jeff Bezos started Amazon in his garage with a couple hundred grand from his parents. This ex-hedge fund manager turned internet titan and evil king-making gnome has often been lauded for his customer-focused business strategies, aggressive business development and industry prowess, but how challenging is the journey when you’re a 1500lb gorilla on someone else’s dime?
E-sports in a nutshell: Enthusiast Gaming (EGLX.V)’s Overwatch League team makes finals, but where’s the dough?
If you bought into Enthusiast Gaming (EGLX.V) because they have a connection to the Vancouver Titans Overwatch League team, congratulations on their winning season, where they came runner-up in the finals against the San Francisco Shock.
A subsidiary of Dionymed Brands (DYME.C) claimed a small victory in its courtroom kerfuffle with Eaze Technologies, called the “Uber of weed” in court documents, defeating the tech company’s move to have the suit dismissed.
Full disclosure: I used to work for Amazon (AMZN.Q) as one of their machine-grunts. That’s why when Shopify (SHOP.NYSE) acquired warehouse fulfillment company, 6 Rivers Systems, yesterday for $450 million, I had to take a closer look.
Alibaba Group Holding (BABA.NYSE) delayed opening it’s $15 billion listing in Hong Kong because of the ongoing political unrest. The company states that it’s eventually going to open there, but it’s not the right time.
Overstock.com (OSTK.Q) subsidiary, tZERO, now offers Ravencoin on their mobile wallet, and the real question is – why?
If you’ve been reading this site for a long time, you’ll have heard us mention AMPD Technologies before. This is a company I’ve been a part of, in an informal advisory nature, for nearly two years, having met one of the founders at a Dungeons and Dragons game way back, and realizing his company would be a monster once the e-sports investment movement took hold.
During a recent Okanagan wine tour, our tour bus operator told me he’d done extremely well with Shopify (SHOP.NYSE) and when he heard what it is I do all day, asked me where he should be putting his money.
We started writing about Blockchain Foundry (BCFN.C) in the summer of last year when blockchain companies were busy doing the rope-a-dope from frequent market poundings. They were a question mark, making big promises about the future and hoping to catch a favourable bounce.
Whiteblock, a blockchain testing platform, has released its transactions per second speed results for Blockchain Foundry’s (BCFN.C) patent-pending Zero Confirmation Acyclic Graph (Z-Dag) technology built on the Syscoin protocol.
3 Sixty Risk Solutions’ (SAFE.C) wholly-owned subsidiary, 3 Sixty Secure, entered into a strategic alliance with the Cannabis Mercantile Exchange (Cannamerx), an international online auction platform for wholesale cannabis, cannabis products and genetics.