Ilya Banares / Bloomberg: Shopify reports Q1 revenue up 25% YoY to $1.5B, above $1.43B analyst estimates, GMV up 15% to $49.6B, and plans to cut 20% of its staff; SHOP jumps 14%+  —  Shopify Inc. cut jobs for the second time in less than a year and agreed to sell the majority of its logistics business to Flexport Inc … Lees verder op Tech Meme

Alf Wilkinson / Financial Times: A Finder.com experiment using ChatGPT to pick 38 stocks finds the portfolio rose 4.9% compared to an average 0.8% loss for 10 popular funds over eight weeks  —  Theoretical fund of 38 stocks do better than 10 most popular funds on Interactive Investor, finds finder.com  —  Latest news on ETFs Lees verder op Tech Meme

Kate Morgan / Wall Street Journal: Some Gen Z Americans are buying flip phones like the $75 TCL Classic or the $90 Nokia 2780, seeking a break from endless social media and email notifications  —  Modern models are a bit smarter than those from the early 2000s, but still offer a needed break from endless notifications Lees verder op Tech Meme

Bloomberg: As US VCs flood to the Middle East in search of funding, some view their desperation poorly because the region’s investors value long-term relationships  —  Silicon Valley has taken investment from moneyed state-run funds in the Middle East for years.  Now that the technology industry … Lees verder op Tech Meme