In the latest trading session, Shopify (SHOP) closed at $1,173.87, marking a -0.52% move from the previous day. This change lagged the S&P 500's daily loss of 0.35%. At the same time, the Dow lost 0.41%, and the tech-heavy Nasdaq lost 0.07%.
Heading into today, shares of the cloud-based commerce company had gained 22.06% over the past month, outpacing the Computer and Technology sector's gain of 6.18% and the S&P 500's gain of 3.21% in that time.
Many things are taking place:
Amazon executives and Jeff Bezos are worried about Shopify's growth - Business Insider
There's been a scramble among Amazon executives to assess Shopify's growing threat as a competitor, including talks of launching a competing service, Business Insider has learned.
It's unclear how far the talks have moved — or what exactly the new service would look like. Shopify sells the software tools needed to build an e-commerce site and has become a popular alternative to Amazon for small businesses looking to sell their products online.
Can Shopify Compete With Amazon Without Becoming Amazon? - The New York Times
If the key to Amazon's success has been to put the customer first, for Shopify the key has been to put the merchant first.
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In March, the business of Ox Verte, an organic catering company in Manhattan, came to a standstill. Its roster of corporate clients — start-ups that offered free lunches, salespeople with round-table breakfasts — had all implemented work-from-home policies. Events and conferences were canceled for the foreseeable future.
Holiday shopping: Shopify isn't the "anti-Amazon" | Fortune
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Shopify Reports Record Black Friday, Cyber Monday | PYMNTS.com
Global eCommerce platform Shopify reported record-breaking sales of more than $5.1 billion on Black Friday and Cyber Monday, according to a press release .
Sales Nov. 27-30 surged 76 percent over last year's more than $2.9 billion in reported transactions for the same holiday shopping weekend, the release stated. In the week leading up to Cyber Monday — Nov. 23-30 — sales went up 84 percent over last year.
Shopify says its 'unprecedented' growth in 2020 points to bright e-commerce future | ZDNet
Shopify on Tuesday published its first annual Future of Commerce report, which aims to outline e-commerce growth throughout the COVID-19 pandemic and beyond. The report combines Shopify's global merchant and consumer data to outline trends and predict how the commerce landscape will shift in 2021 based on current consumer behavior.
Shopify said its own growth this year has been unprecedented -- new stores created on the Shopify platform grew 71% in Q2 2020 compared to Q1 2020, with a record number of merchants added to the platform in Q3.
Popular Pays Announces New Shopify Integration Enabling Shopify Customers to Impact Sales with
Tools for Shopify customers to streamline management of influencer partners, from sharing custom discount codes, tracking sales, & payment
CHICAGO , Dec. 15, 2020 /PRNewswire/ -- Popular Pays, a leading influencer marketing and content creation platform, is excited to announce their integration with eCommerce software solution, Shopify.
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