Shopify (NYSE: SHOP ) shares skyrocketed over 270% in 2020 from their March lows as consumers turned to online shopping amid worldwide retail closures due to the coronavirus pandemic.
* * *
This was primarily due to small businesses and entrepreneurs joining the platform to reach customers.
Why it Matters: The pandemic has changed the way people shop. Not just for now, but forever.
In case you are keeping track:
Benefits of using Shopify for your ecommerce business – CONAN Daily
Shopify is one of the most popular ecommerce platforms on the planet and for good reasons. Its users find many advantages to using the platform that they cannot find elsewhere.
Choosing an ecommerce web store is one of the first things you will have to do before opening your online store. To put it simply, it is the backbone of your online store, and you will build everything else around it.
Baystreet.ca - Shopify Stock Could Run Higher, But Risks Remain
As Shopify partner Bold Commerce grows, it raises new funding - to expand beyond Ottawa giant's
/cloudfront-us-east-1.images.arcpublishing.com/tgam/Z3KETSTD2ZFTTJQPZO2L7HLMJ4.JPG)
Bold founders, from left, Yvan Boisjoli, CEO, Jason Myers, VP Growth, Stefan Maynard, CBO, and Eric Boisjoli, CTO in their Winnipeg head office, Jan. 15, 2019.
* * *
When Yvan Boisjoli and his three co-founders set out to build an e-commerce app company nine years ago, their success was so tied to online-commerce platform Shopify Inc. they initially named their startup Shappify.
Now, their Winnipeg-based Bold Commerce is shifting its focus beyond the Shopify universe, following a year of accelerated growth for e-commerce providers during the pandemic. "We've expanded onto other platforms so we're becoming a full-rounded e-commerce solutions provider," said Mr. Boisjoli, Bold's chief executive officer, in an interview.
In case you are keeping track:
SHOP: Is Shopify a Smart Buy for 2021?
Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!
Shopify Inc. ( SHOP ) is already up 6.1% for the year, after gaining 184.7% in 2020. In fact, the stock is up a whopping 940% over the past three years. The company was already seeing success before the pandemic, but COVID drove e-commerce growth into hyperdrive. SHOP has benefited as much as almost any company from the pandemic-induced increase in e-commerce. The lockdowns resulted in physical retailers shutting down their stores and forcing people to shop online.
No Cookies | The Chronicle
$2-billion windfall for Shopify after retail finance partner Affirm soars in IPO - The Globe and
/cloudfront-us-east-1.images.arcpublishing.com/tgam/ULL6O2RZJNLZZM7BY4WMA3647M.jpg)
Several Canadian entities including Shopify Inc. scored massive stock market gains Wednesday as U.S. consumer retail finance provider Affirm Holdings Inc. soared in its initial public offering.
Stock of San Francisco-based Affirm more than doubled in its first day of trading on the Nasdaq Wednesday after raising US$1.2-billion in its IPO, at US$49 a share, before closing at US$97.24, up 98 per cent.
Nine-year-old Affirm, led by PayPal Holdings Inc. co-founder Max Levchin, is one of a number of rapidly growing global startups offering "buy-now-pay-later" financing for online purchases. Brands such as Affirm, Sezzle, QuadPay, Klarna and Afterpay have proliferated in recent years, offering instalment payment plans for less-expensive items – such as jeans and makeup – than traditional bricks-and-mortar retailers have in the past.
Bitcoin Wallet Maker Ledger Woes Worsen With Rogue Shopify Data Theft - Bitcoinist.com
Bitcoin hardware wallet maker Ledger has recently put a spotlight on personal financial security after hackers leaked the details of thousands of customers online. Those who sought to protect themselves from criminals instead were pushed into the line of fire.
Both companies had long been known for creating solid products, and as the crypto market grew, the brand and its growing product lineup attracted thousands of customers – customers that when making a purchase, used their private, personal information such as name, home address, and phone number as they always do when buying online.
Happening on Twitter
Alibaba and Ant co-founder Jack Ma has resurfaced after months out of public view, quashing intense speculation abo… https://t.co/bM2tMBFsLG business (from New York and the World) Wed Jan 20 04:46:06 +0000 2021
*Alibaba shares surge 7% after Jack Ma makes first public appearance in three months - https://t.co/j1Tl2EqJt5… https://t.co/Tq8dMrRKzW Investingcom (from Global) Wed Jan 20 11:35:00 +0000 2021
No comments:
Post a Comment