Shopify files for $100-million Cross-Border IPO

Shopify CEO Tobias Lütke.

Shopify today filed an F-1 with the SEC to IPO on the New York Stock Exchange. The company will also list on the Toronto Stock Exchange, having filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada. The company reports it has filed for an initial public […]

The depressing thing about Google Fiber

google fiber

Yesterday, an article in ZDNet detailed how the emergence of Google Fiber has forced telco incumbents to step up their game, offering faster internet service for the same price. In Charlotte, Time Warner Cable is rolling out its “Maxx” broadband service. The company promises speeds that are up to six times faster than what is […]

BuzzFeed to open Toronto office

buzzfeed

“Are you a Kessel or a Phaneuf?” “19 Signs You Are From Scarborough”. Expect these kinds of headlines and more like them to soon compete for your attention. BuzzFeed, the controversial pop news site, will open an office in Toronto this spring. Betakit reports that at the DX3 conference in Toronto, BuzzFeed’s VP of Global […]

Insider buying at theScore

theScore President and COO Ben Levy

Shares of theScore (TSXV:SCR) have doubled since last October, but one insider thinks there is still upside in the stock. theScore President and COO Ben Levy made two purchases of the stock in the open market recently. On March 11th, Levy bought 50,000 shares of theScore at $0.58, and later that day he bought 50,000 […]

Gigaom to shut down after running out of cash

gigaom

“Goodnight Sweetheart.” Gigaom, the pioneering tech site founded in 2006 by the affable Om Malik, has told its staff it will shut down, effective immediately. Management just posted this to its website. “A brief note on our company Gigaom recently became unable to pay its creditors in full at this time. As a result, the […]

The Geek’s Reading List: Week of March 6, 2015

glasses

This another slow week for tech news – Most of the news was associated with relatively unimportant announcements regarding product releases or business strategies. We thought the announcement of Alcatel’s new phone was significant simply because it reiterates an important trend towards cheap but highly functional smartphones which will put significant pressure on manufacturers’ earnings. […]