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Thrive Capital Makes Strategic Public Market Investment in Shopify

Thrive Capital, the investment firm led by Joshua Kushner, has acquired a stake in Shopify Inc. The move marks a rare bet by the venture firm on a public company. Thrive Capital's foray into public equities reflects broader trends among venture firms seeking diversified returns beyond private markets. Shopify serves as a platform for merchants engaged in digital commerce. Details regarding the stake size and valuation implications remain undisclosed. The transaction underscores growing investor confidence in technology-enabled business services.