With more than one million small businesses currently using Shopify ( the third-largest online retailer in the U.S. after Amazon and eBay) there’s another growth happening right now. We've already seen a massive increase in the number of brick and mortar stores who have had to move their business online and for many it's a foreign world requiring a new skill set.
To assist with so many new businesses or those who have had to put additional emphasis into their e-commerce efforts, companies are stepping up to the plate to assist.
Quite a lot has been going on:
Shopify Stock Will Continue Its Bullish Run Despite Virus Concerns | InvestorPlace
Shopify (NYSE: SHOP ) stock is taking investors on quite the roller-coaster ride in recent weeks.
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First the company hit all-time highs in February, topping $531 per share. Then the stock market selloff hit, spurred by fears of the novel coronavirus pandemic, sending Shopify stock down 40% to $322.
Is the rally the sign of some stability for Shopify stock, and is this a roller coaster you should welcome in your portfolio? Let’s take a closer look.
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Stock Market News: These 2 Coronavirus-Resistant Stocks Are On the Rise | The Motley
Roku had 39.8 million active accounts as of the end of March, up by almost 3 million just since the end of 2019. What's really astounding, though, is that Roku saw the number of hours of streamed content rise by nearly half to 13.2 billion. That gain came despite measures that the company put in place to avoid counting hours when viewers aren't actively watching the service.
Roku directly attributed the growth to the rise of sheltering at home. As a result, it sees revenue coming in between $307 million and $317 million for the first quarter, which is slightly higher than it had anticipated.
Quite a lot has been going on:
Shopify well placed to weather economic fallout from COVID-19, say analysts - NewsLagoon
Despite losing nearly US$25 billion in market cap from its peak last month, e-commerce giant Shopify is well placed to avoid the worst effects of an economic downturn resulting from the COVID-19 pandemic — and it could emerge from the outbreak ready to make deals and win business away from legacy technology providers, company and technology analysts say.
Shopify shares are down more than a third from their mid-February high amid a market-wide swoon, but the company still has a strong balance sheet to make deals and survive revenue slumps. It closed out 2019 with US$2.46 billion in cash and marketable securities on hand, following three secondary share offerings in two years.
Can Shopify Keep The Bounce Going?
Shopify is a Canadian e-commerce platform that has exploded in popularity as the go-to platform for the multitude of e-commerce startups that have sprung up in recent years. After trading sideways for much of 2018, the stock took off in January 2019 and closed out the year at highs. It continued the run into January 2020 and was still going strong until the coronavirus pandemic took hold of the world’s economy and shut it down.
Shopify's email marketing tool Shopify Email launches globally | BetaKit
"COVID-19 has forced many retailers to re-think their marketing strategies and get creative with how to reach their customers.”
Meagan is the Associate Editor for BetaKit. A tech writer that is super proud to showcase the Canadian tech scene. Background in almost every type of journalism from sports to politics. Podcast and Harry Potter nerd, photographer and crazy cat lady.
Long wait times, confusion, and anxiety are often considered ubiquitous to the healthcare process. As Canada comes closer to facing the strain of an…
Shopify's Tobi Lütke and wife Fiona McKean pivot charitable foundation, make donations to
Shopify CEO and founder Tobi Lütke and his wife Fiona McKean last year started a philanthropic organization focused on technological solutions for decarbonization. Now, the couple has pivoted their strategy to help in the fight against COVID-19.
“Thistledown is responding to the urgent need for all citizens to step up in any way they can.”
Lütke and McKean started the Thistledown Foundation last year with an initial $150 million endowment. The idea was to tackle their passion for finding “novel approaches to decarbonization” to help address climate change. In a recent statement, the couple said they have now put that mission on pause to focus on the current global pandemic.
Happening on Twitter
Anna Wintour introduces #VogueGlobalConversations, a four-day online event, starting tomorrow, April 14th, in which… https://t.co/XmXb2aEqeq voguemagazine (from New York, NY) Mon Apr 13 14:28:07 +0000 2020
They were once the giants of American retail, strong enough to survive wars, the Great Depression, the Great Recess… https://t.co/3sa2cBPVH7 CNNBusiness (from Global) Mon Apr 13 04:00:14 +0000 2020
With Americans stuck at home because of coronavirus, warehouse workers are still filling online orders. Many feel t… https://t.co/3Yx6kj0EIL Reuters (from Around the world) Sun Apr 12 15:51:41 +0000 2020
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