Hootsuite says could go public sooner after Shopify IPO success

By Euan Rocha and Alastair Sharp VANCOUVER/TORONTO (Reuters) – The successful initial public offering of Shopify could prompt Hootsuite, another promising Canadian tech startup, to tap public markets sooner rather than later, its chief executive said on Thursday. Ottawa-based Shopify’s shares rose as much as 69 percent in the e-commerce software maker’s U.S. debut on Thursday, giving it a $2 billion-plus valuation.

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Amazon revenue beats, cloud computing more profitable than expected

The e-commerce company for the first time broke out financial details of its secretive cloud computing unit, Amazon Web Services, on Thursday, saying revenue jumped almost 50 percent to $1.57 billion, or about 7 percent of total revenue. The unit's operating income grew 8 percent to $265 million.

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Online travel agency Expedia to buy rival Orbitz for $1.38 billion

Expedia Inc said it would buy Orbitz Worldwide for about $1.38 billion in cash, its third acquisition in four months, to take on larger rival Priceline Group Inc in a burgeoning online travel industry. Orbitz's shares shot up 20 percent to $11.63 in morning trading, short of Expedia's offer of $12 per share. Expedia's shares rose nearly 13 percent to $88.50.

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