TECH NEWS
Thrive Capital bets $100 million on Shopify, because sometimes the best AI trade is a beaten-down stock
TL;DR Joshua Kushner’s Thrive Capital has invested roughly $100 million in Shopify, a rare public-market bet by the venture firm best known for backing OpenAI, SpaceX, and Stripe. Shopify stock is down approximately 40% year to date after guidance suggested slowing revenue growth. Thrive framed the investment as