Shopify, the company that powers e-commerce sites for more than one million merchants, said on Thursday that it had closed two online stores tied to President Trump, including those run by the Trump Organization and the Trump campaign.
Cached versions of the sites show that they had sold merchandise like $45 pairs of Trump-branded champagne flutes, $30 "Make America Great Again" hats and a $24 poster of a cartoon of Mr. Trump punching into the air.
In case you are keeping track:
Stock Market Insights | Seeking Alpha
Shopify Shuts Down Trump Stores | BoF
At the riots on Wednesday, which came as Congress sought to certify the presidential election results, supporters wore some of the merchandise that had been available through Shopify sites, including the red "Make Ameria Great Again" hats.
Is Shopify (SHOP) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Shopify (SHOP), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Shopify is one of 632 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
Check out this next:
Stripe Joins Shopify, GoFundMe And Other Businesses In Cutting Ties With Trump Campaign
Prior to the decision, Stripe handled card payments for Trump's campaign website and online fundraising apparatus.
At the time of publishing this article, the Trump campaign's fundraising page has not been updated to remove Stripe's payment processing interface.
Investorideas.com - Analysts Predict 1,137% Earnings Per Share Growth for Shopify's Full Year 2020
January 11, 2021 (Investorideas.com Newswire) While the pandemic has devastated countless businesses, it has provided a major boon for eCommerce platform Shopify.
Shopify's stock rallied by 169.9% in 2020 compared to the industry's 26.6% growth. As of mid-December 2020, according to the research data analyzed and published by Finnish site Sijoitusrahastot, it had a 90 RS rating, which means that it had outperformed 90% of stocks during the year.
Why Amazon Can't Beat Shopify
WASHINGTON, DC - JULY 29: Amazon CEO Jeff Bezos testifies before the House Judiciary Subcommittee on ... [+] Antitrust, Commercial and Administrative Law on Online Platforms and Market Power in the Rayburn House office Building, July 29, 2020 on Capitol Hill in Washington, DC. (Photo by Mandel Ngan-Pool/Getty Images)
Two of the most basic questions in business are: Who is your customer? How will you keep your current customers buying from you?
Subscribe to read | Financial Times
Happening on Twitter
Shopify said on Thursday that it had closed online stores tied to President Trump, including those run by the Trump… https://t.co/7ETSLFvnhU nytimes (from New York City) Thu Jan 07 17:37:12 +0000 2021
https://t.co/TxlCcST02V. Shopify closes e-commerce sites tied to Trump, including campaign store. marknyt (from New York City) Thu Jan 07 20:08:40 +0000 2021
No comments:
Post a Comment