Shopify Inc's (NYSE: SHOP ) core purpose 10 years ago was figuring out how to build a "beautiful, scalable" online store and today Shopify helps these same companies grow their business beyond theicore website, COO Harley Finkelstein said on CNBC's "Mad Money."
Shopify's platform helped create hundreds of thousands of unique online stores, but if combined together into one, it would rank as the second-largest online U.S. retailer, Finkelstein said.
And here's another article:
Amazon, Alibaba: E-Commerce Giants Just Below Buy Points | Investor's Business Daily
Etsy stock, Shopify stock and Wayfair stock have consolidated after running higher over the past several weeks. But they don't have buy points yet.
The action for these e-commerce stocks comes after May's jobs report prompted a double-take from investors. The U.S. economy added 2.5 million jobs last month, as states began to reopen their economies following the coronavirus pandemic. Wall Street had expected a loss of 7.7 million jobs.
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3 ETFs With Big-Time Shopify Exposure - MarketWatch
Canadian e-commerce juggernaut Shopify SHOP, -1.00% is on a stellar run, one that's eliciting calls of "story stock" status. With the shares higher by almost 52% over the past month, those calls are proving accurate.
With a market capitalization of $90.15 billion as of the May 14 close and using Amazon.com AMZN, +0.91% as the comparison, Shopify could have plenty of growth ahead of it. E-commerce and online shopping sure do.
While you're here, how about this:
SHOP Stock: Why Shopify Will Roar Its Way to $1,000 | InvestorPlace
E-commerce solutions provider Shopify (NYSE: SHOP ) reported first-quarter earnings in early May which were strong enough to cause SHOP stock to pop 5% to all-time highs topping $700.
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Indeed, it appears that Shopify is in the midst of a breakthrough moment wherein the company turns into the commerce backbone for every small-to-medium sized business (SMB) in the world over the next few years. Thanks to this pivotal transformation, Shopify stock appears well on its way toward $1,000-plus prices.
How Shopify CEO Tobias Lütke has created a new model of Canadian billionaire | National Post
Millennial billionaire Tobias Lütke, 39, makes quite a character under his trademark newsboy cap.
With a name like a Die Hard villain and a reputation for predicting the future, he runs the most valuable company in Canada, which he famously built out of a snowboard website.
His success in hosting the retail operations of businesses from multinational corporations down to kitchen table operations has marked him as a visionary long before Shopify had the market capitalization of nearly $120-billion to back it up. But much of it will be new to the average Canadian.
R|T: The Retail Times - Shopify is number one | BetaKit
The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.
Montréal-based Goodfood Market, an online grocery and meal-kit startup, has signed a lease for a new first fulfillment centre in the Greater Toronto Area.
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A so-called retail apocalypse may seem inevitable, but in these challenging times, it is more important than ever to look at how technology can turn the tide.
Shopify has begun expanding its fulfillment network to Canadian merchants as the company continues to develop the product-market fit its Amazon-style offering.
Bloomberg - Are you a robot?
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