Shopify is providing its employees with a $1,000 stipend to buy office supplies and help ease the transition of working remote amid the coronavirus outbreak.
The company is offering the stipend as a result of its announcement on Wednesday that it's requiring all employees to work from home starting on March 16. Shopify, which makes online tools for companies to sell products online, employs 5,000 people worldwide, with the majority of its employees based in Canada.
This may worth something:
Will Shopify Stock Bounce Back From Coronavirus Fear? – 24/7 Wall St.
Shopify may be in the thick of it now, but when markets recover, this e-commerce firm could be poised to break out again.
It might seem that an e-commerce company would be immune from the worst effects of a coronavirus epidemic. Yet, at both ends of the value chain is a physical product that must be picked, packed, shipped and delivered. In areas where strict quarantines are in effect, ordering an online product is no guarantee of delivery.
Canadian tech darlings Shopify and Lightspeed are both buys, this investor says - Cantech Letter
Greg Newman The market is full of bargains galore right now but if you're looking at Canadian tech you should be thinking about two recent Canadian tech darlings Shopify ( Shopify Stock Quote, Chart, News TSX:SHOP ) and Lightspeed POS ( Lightspeed POS Stock Quote, Chart, News TSX:LSPD ), says Scotia Wealth Management's Greg Newman, who says they're both in buy territory.
Like the rest of the market, e-commerce companies Shopify and Lightspeed got dumped on over the past three weeks as the broader selloff in response to the coronavirus pandemic and dropping oil prices have combined to pull us into bear territory , bringing with them the prospect of a worldwide economic slowdown if not a full-blown recession.
Shopify (SHOP) Down 29.1% Since Last Earnings Report: Can It Rebound? | Nasdaq
It has been about a month since the last earnings report for Shopify (SHOP). Shares have lost about 29.1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Shopify due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Were you following this:
Don't Look Now, But Shopify Stock Just Hit $500… Again!
The e-commerce platform company has been on a wild ride the last five weeks that saw it push through $500 for the first time in its history, February 12, hitting an all-time high of $593.89. Thanks to the coronavirus-led correction, it then proceeded to fall back to $420.50 on the last trading day in February.
As I write this, it's up more than $26 on the day, once again trading above $500. Those who bought close to $600 are likely hoping for a relatively quick resolution to the global health scare. While I don't think this is likely, I do believe the stock's latest move could be the beginning of Shopify's next leg higher.
Eight million sales records on Amazon, Ebay, Shopify exposed (Includes interview)
GMP joins companies like Snap, Shopify, and Tesla on Fast Company's 2020 list | Vermont Business
Vermont Business Magazine Green Mountain Power (GMP) announced today it is among Fast Company's Most Innovative Companies in the World for the fourth year in a row, with the influential magazine highlighting GMP's commitment to groundbreaking programs that reduce carbon emissions and costs for all customers. Other companies on the 2020 list include Snap, Shopify, Tesla, and Microsoft.
"This is an exciting honor for GMP and our state and we are grateful to be able to partner with customers and with communities on so many innovative projects that help to lower their costs and carbon emissions at the same time," said Mari McClure, GMP's president and CEO. "We continue to focus every day on finding new ways to increase affordability for customers through innovation."
Top tech startup news for today, Thursday, March 12, 2020: Shopify, Bitcoin, Expense Robot,
Shopify is giving employees a $1,000 stipend to buy supplies while they work from home during coronavirus pandemic . Shopify is offering workers a $1,000 stipend to purchase any necessary office supplies and ease the transition to remote work. Shopify spokeswoman Sheryl So said employees can use the money to purchase office equipment such as lamps, office chairs and a new desk, then submit the "one-time remote allowance through their expenses.
Happening on Twitter
I will be having a news conference today at 3:00 P.M., The White House. Topic: CoronaVirus! realDonaldTrump (from Washington, DC) Fri Mar 13 14:55:34 +0000 2020
Hola a todos, quería confirmar que estoy bien y en aislamiento voluntario. Gracias a todos por los mensajes y esper… https://t.co/4uMNV1SkId PauDybala_JR Fri Mar 13 11:43:09 +0000 2020
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