Shopify has acquired Threads.com, the Seqiuoa-backed Slack alternative, Threads said on its website.
The companies didn’t disclose the terms of the deal but said that the Threads.com team will join Shopify.
It was thrown into the limelight after Meta launched Threads, its Twitter-like social network.
Notably, Meta also had another product named Threads, an Instagram companion app that started in 2019 and was shut down in 2021.
And on Android the app crossed the mark of a million lifetime downloads with just a few downloads prior to Meta launching its Threads social network.
It’s easy to assume the e-commerce ship has sailed when you consider we have giant platforms like Shopify, Woocommerce, and Wix dominating the sector.
E-commerce platform, ikas, has raised $20 million in a Series A funding round as it seeks to expand its operations into new markets in Europe.
The company currently operates in Turkey and Germany, and says its platform simplifies store management for companies that want to have a digital presence.
Also investing in ikas is Re-Pie Asset Management, which has grocery delivery startup Getir in its portfolio as well.
The round saw participation from ikas’ existing investor Revo Capital, best known as the first institutional investor in Getir, Param, Midas and Roamless.
Flexport, a logistics company with $2.7 billion in venture and debt funding, is reportedly planning additional layoffs.
Flexport, which provides freight forwarding and brokerage services, announced similar cuts in October, when founder Ryan Petersen returned as CEO and slashed the company’s workforce by 20% — affecting about 600 workers.
An additional round of layoffs at Flexport would cap a brutal January for tech workers, as giants and startups alike have eliminated a combined tens of thousands of jobs across the industry.
While San Francisco-based Flexport wouldn’t be an outlier for making cuts, the timing would be peculiar.
Just last week, Flexport said it’d raised an additional $260 million in funding from Shopify.
This week, read about Amazon, EV startup Fisker, electric boats, a bunch of new funding deals and my time driving the all-new Kia EV9.
Remember Lordstown Motors, the EV startup that went public via a SPAC and has since filed for bankruptcy protection?
Steve Burns, who founded and was then ousted from Lordstown Motors, is back with a new EV startup called LandX Motors.
Northvolt, the Swedish battery startup, secured a $5 billion debt deal to help pay for the expansion of its first gigafactory.
The Kia EV9 comes in five trims with the cheapest — the rear-wheel drive EV9 Light — starting at $54,900.
Worldcoin, a crypto project co-founded by Sam Altman, said it now supports integrations for its World ID with Minecraft, Reddit, Telegram, Shopify and Mercado Libre.
Or, Shopify store owners can use World ID for fraud prevention or one-time promotions.
The “standard” or “World ID Orb” level involves creating a profile and also getting your irises scanned by one of the company’s Orbs to verify your identity.
“High” or “World ID Orb+” security requires you to also use facial recognition to secure the app besides the previous two steps, Sada said.
You can use one World ID per device, so if you have a phone and an iPad for example, you can create two World IDs.
The new bill pay tool allows U.S.-based merchant customers to manage their expenses and vendors via Shopify’s platform, which could be helpful for those who want to keep track of…
There’s no doubt that Shopify is one of the most popular e-commerce platforms out there, powering millions of businesses. And thanks to the wealth of tools and services available from…
