Shopify acquiring Deliverr for $2.1B, looks to improve fulfillment network
Shopify announced a $2.1 billion acquisition of last-mile delivery technology company Deliverr, but its stock tumbled after a Q1 earnings miss.
Shopify announced a $2.1 billion acquisition of last-mile delivery technology company Deliverr, but its stock tumbled after a Q1 earnings miss.
As COVID ravaged the economy, the gig economy boomed. Responding to the need, gig workers stepped up to ensure groceries were delivered and e-commerce orders arrived on time.
The California startup will use its new funding to continue extending benefits to gig workers across multiple apps and platforms.
AfterShip, an e-commerce tracking and post-purchase solutions company, has secured a $66 million Series B investment round, bringing its total funding to $69 million.
A change in IRS tax code included in the $1.9 trillion COVID relief bill will require sellers and other businesses paying out more than $600 to gig workers to file tax forms with the IRS.
Plus: LA aims to tax Uber and Lyft; Best Buy’s 4Q gains electrify and pizza chains tap into food delivery