Block plunges to loss as bitcoin boost fades
Block Inc, the payments company led by Jack Dorsey, on Thursday reported a loss for the first quarter as demand for bitcoin softened due to a decline in cryptocurrency prices.
Technology
Amazon Prime will get more expensive for new subscribers starting on February 18th
A reminder that you can save $20 on an annual membership today By Cameron Faulkner@camfaulkner Feb 17, 2022, 1:17pm EST In case you missed out on the news from early February, Amazon Prime will see its first price increase in four years starting tomorrow, February 18th, for new subscribers. The annual cost will rise from $119 to $139, …
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FOLLOWING RECENT MERGER, STARTUP MONTRÉAL ANNOUNCES PROGRAM TO SPUR LATE-STAGE GROWTH
The Government of Québec has committed $6.5 million to the program. Startup Montréal has teamed up with Silicon Valley’s Apexe Global to launch Hypergrowth Québec (Hypercroissance Québec), a new mentorship and global commercialization program for late-stage Québec startups. The Government of Québec has committed $6.5 million CAD towards the program over the next two years. Through the provincially-backed …
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Supercomputer helps Canadian researcher uncover thousands of viruses that could cause human diseases
Team discovered more than 130,000 RNA-based viruses, including 9 coronaviruses Tracking pathogens that could spark future pandemics is no easy feat, but thanks to the help of a supercomputer, a Canadian researcher is among a team of scientists who’ve uncovered thousands of viruses that might one day pose a threat to humans. Dubbed the Serratus Project, …
Amazon Is Raising Base Salary Cap to $350,000 From $160,000
Spencer Soper Mon., February 7, 2022 Amazon.com Inc. is more than doubling the maximum base salary it pays employees to $350,000 from $160,000. “This past year has seen a particularly competitive labor market, and in doing a thorough analysis of various options, weighing the economics of our business and the need to remain competitive for …
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Posthaste: Canada’s tech sector fuels growth across economy
The booming sector is expected to rise 5.3 per cent in 2022, study says Author of the article: Noella Ovid Publishing date: Feb 04, 2022 Canada’s technology services sector is fuelling growth across the economy and showing no signs of slowing down. According to a recent study by Business Development Bank of Canada (BDC), one in …
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RENORUN CLOSES $181 MILLION CAD SERIES B TO FUEL CANADA, US EXPANSION
BY JOSH SCOTT CANADIAN STARTUP NEWS FEBRUARY 1, 2022 RenoRun is building a vertically-integrated “one-stop shop” for construction materials. ontréal-based startup RenoRun has raised $181 million CAD ($142 million USD) to scale its building material delivery model across North America. The company’s Series B round, which closed in late December, was co-led by New York’s Tiger Global and California-based Sozo …
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There’s a vending machine for that: Why automated retail is becoming more the norm
‘Cake ATMs’ pop up at popular locations in Calgary Natalie Valleau · CBC News · Posted: Feb 01, 2022 Vending machines have taken a new, upscale form in the Canadian market, and experts say the pandemic, along with more innovative technology, have spurred this shopping trend. Most recently, “Cake ATMs” have been installed at 25 shopping centres. Most are in Ontario …
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Canadian Tech Companies to Watch from CES 2022
By Stephen ClarkWhistleOut The Consumer Electronics Show (CES) in Las Vegas is the first and one of the best events of the year to show off innovative new tech. Gadgets from every facet of life are on display, from portable assistive devices like eSight Eyewear to innovations in water conservation from OtO and RainStick. WhistleOut Canada …
Trillion-dollar tech companies set to report quarterly results amid worst January slump since 2008
PUBLISHED TUE, JAN 25 2022 3:25 PM EST Alex Sherman KEY POINTS Microsoft reported better-than-expected quarterly revenue and earnings on Tuesday and delivered an optimistic outlook. Tesla and Apple report quarterly results this week. This earnings season for tech companies will be the most important in a decade, wrote Wedbush analyst Dan Ives in a …
