Before jumping into why the stocks fell, however, let's look at how they performed on the headline numbers.
We'll start with Amazon, which breaks its results into three segments: North American e-commerce, international e-commerce, and Amazon Web Services (AWS).
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Clearly, both of these companies are doing very well. And yet they both had some rough trading days over the past week. There are three timeless investing lessons we can learn from this situation.
And here's another article:
Start a lucrative Shopify business with this $30 course | Engadget
You might be happily employed with a dream of starting a lucrative side hustle — or want to eventually leave your current role to start the shop of your dreams. While online stores have taken out some of the burden of starting a brick and mortar venture, there are still a lot of factors to consider and risks to keep in mind.
The Complete Shopify Bootcamp Bundle is designed to help you navigate those unchartered waters with one of the most popular e-commere platforms out there: Shopify. And while Shopify will certainly simplify the process in a multitude of ways, there is still a learning curve to making your venture successful. This bundle includes six different courses that cover topics ranging from marketing your store well to operations and logistics.
Shopify and TikTok Join Forces in Commerce Partnership - BeautyMatter
E-commerce has become the new social media battleground. TikTok and Shopify have joined forces in a first-of-its-kind commerce partnership. The million-plus merchants on Shopify in the US will now be able to take advantage of TikTok's global scale to reach new and highly engaged audiences in select markets throughout North America, Europe, and Southeast Asia from early 2021.
"We are delighted to partner with Shopify and provide a channel for their merchants to reach new audiences and drive sales on TikTok," added Blake Chandlee, Vice President, Global Business Solutions at TikTok. "As social commerce proliferates, retailers are recognizing that TikTok's creative and highly engaged community sets it apart from other platforms.
Shopify stock is up in pre-market trading as earnings blow past estimates – TechCrunch
The Ottawa-based provider of e-commerce services for retailers reported earnings of $133.2 million, or $1.13 per-share, for the third quarter after posting a loss of $33.6 million, or 29 cents per-share, in the same period last year. Analysts tracking the company had expected earnings per-share of 52 cents.
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Pretty much everything about the company’s business looked good, partly driven by plummeting brick-and-mortar retail sales as health regulations to limit the spread of the novel coronavirus like occupancy constraints have slowed down foot traffic.
While you're here, how about this:
Faraday Brings Advanced Customer Analytics Capabilities to the Shopify
This is just the latest example of Faraday's investments in Shopify. The company already supports dozens of fast-growing brands using the Shopify ecosystem to power their online stores, making it an ideal platform for Faraday's embedded solutions.
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Through its channel partnership program, Faraday is now providing embedded AI-driven consumer predictions for SaaS companies operating in every major consumer vertical, including financial services, home services, e-commerce, and more.
Automated dropshipping: the new all-in-one solution for your Shopify Store | News Anyway
Yakkyofy, the new Shopify app for dropshipping stores, will allow store owners to manage the entire order fulfillment process in a completely automated way, even for private label products.
Yakkyo Srl , a company based in Italy and China, has just released an official app for Shopify, now available for free on the Shopify App Store that will allow dropshipping online store managers to fully automate the entire fulfillment process from product purchase to doorstep delivery.
Happening on Twitter
Tech stock performance today: Uber: +12% Docusign: +11% Facebook: +9% Lyft: +9% Adobe: +9% Wix: +8% Google: +7% Zo… https://t.co/us9Ae0RBcN JonErlichman (from IG: @JonErlichman) Wed Nov 04 18:18:59 +0000 2020
Shopify will probably do $100bn of GMV this year. But please, keep telling us how Amazon is a monopoly that no-one… https://t.co/QHQ879g2Mu benedictevans (from London, mostly. ) Fri Oct 30 16:57:55 +0000 2020
It's no secret that fast checkouts = sales. DID YOU KNOW that @shop Pay completes more checkouts than Apple, Google… https://t.co/N92OmsVF3A Shopify (from Everywhere) Wed Oct 28 20:58:20 +0000 2020
Shopify should build a marketplace. There are hundreds of modern brands that would never choose to grow through… https://t.co/bRdJarXnzz web (from Columbus, OH) Fri Oct 30 03:44:09 +0000 2020
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