Canadian ecommerce firm Shopify Inc. said it will take advantage of "unprecedented opportunities" in 2021 to speed up innovation and expand into new markets, but warned that its growth rate will slow, according to its year-end earnings report.
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The 'StarCraft II' nerds at Shopify now have an esports team | Engadget
Ecommerce colossus Shopify has unveiled its own esports organization. Shopify Rebellion has recruited some top-tier StarCraft II players, including 2016 world champion Byun Hyun-woo and Sasha "Scarlett" Hostyn, the first woman to win a major tournament in the esport. Along with teammate Julian "Lambo" Brosig, this weekend they're competing at IEM Katowice , the final stop of this season's ESL Pro Tour .
Shopify Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Taking into account the latest results, the current consensus from Shopify's 27 analysts is for revenues of US$4.02b in 2021, which would reflect a sizeable 37% increase on its sales over the past 12 months. Statutory earnings per share are forecast to plummet 34% to US$1.10 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$3.82b and earnings per share (EPS) of US$1.26 in 2021.
Curiously, the consensus price target rose 23% to US$1,444. We can only conclude that the forecast revenue growth is expected to offset the impact of the expected fall in earnings. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Shopify, with the most bullish analyst valuing it at US$1,750 and the most bearish at US$697 per share.
Shopify forms Rebellion esports organization | Shacknews
As gaming continues to rise as one of the most popular forms of entertainment in the world, more and more companies are looking to step into the industry. Now, ecommerce giant Shopify is taking a leap into the gaming world with Rebellion, a brand new esports organization.
Shopify announced Rebellion on February 19 with a new Twitter page and website dedicated to the organization. They even announced new player signings for their launch. Rebellion’s roster currently consists of Sasha “Scarlett” Hostyn, ByuN Hyun Woo, and Julian “Lambo” Brosig. To start out, Rebellion will compete in Starcraft 2, a game that company owner Tobias Lütke is quite fond of.
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Amazon acquires Shopify competitor Selz
Amazon has bought Selz, a company that makes tools to help businesses launch their own online stores.
Amazon quietly acquired the e-commerce platform on Jan. 15, but it didn't publicize the acquisition. Selz announced the deal in a company blog post .
"We have signed an agreement to be acquired by Amazon and are looking forward to working with them as we continue to build easy-to-use tools for entrepreneurs," Martin Rushe, CEO and founder of Selz, said in the blog post.
Walmart, Shopify Report Strong Q4 Sales but Brace for 2021 Falloff
E-commerce and retail heavy hitters Shopify and Walmart enjoyed a record-breaking 2020, but Q4 earnings may foreshadow a less than remarkable 2021.
Online only : Shopify reported $978 million in Q4 sales—a 94% year over year (YoY) increase. The Covid-19 vaccine rollout, however, will likely prompt many shoppers to return to brick and mortar stores.
Omnichannel options : Walmart missed quarterly earnings expectations, but still hit record earnings, bringing in ~$152 billion in revenue—a 7.3% YoY increase.
Shopify Sharply Lower Despite Blowout Quarter
Wall Street consensus has grown more cautious due to historic share gains, with an 'Overweight' rating based upon 10 'Buy', 2 'Overweight', 12 'Hold', and 2 'Sell' recommendations. Price targets currently range from a low of $600 to a Street-high $1,810 while the stock is now trading about $100 above the median $1,270 target. The sell-the-news reaction could settle around the median price before committed buyers return in force.
The stock rallied above the February 2020 high at 594 in April and took off in a momentum-fueled advance, finally stalling near 1,150 at the start of September. Positive price action cleared resistance in December, yielding a 6-week support test, followed by a vertical buying wave that added more than 400 points into the news. It's not particularly overbought due to the three-month trading rnage and this selling wave is unlikely to mark a major trend change.
Shopify launch Rebellion esports organization with StarCraft II roster - Dexerto
Canadian e-commerce company Shopify have launched Shopify Rebellion, their very own esports organization that plans to compete across multiple games.
The e-commerce giants have chosen to start their journey in competitive gaming with Blizzard’s real-time strategy title StarCraft II.
Shopify Rebellion have launched with three notable competitors under their ranks, namely Sasha “Scarlett” Hostyn, “ByuN” Hyun Woo, and Julian “Lambo” Brosig.
Happening on Twitter
MARS ROCKS! This limited-edition merchandise, sent to me by my friends at @smithsonian, is only available through S… https://t.co/sFKgfQ0FXG donttrythis (from San Francisco) Fri Feb 19 19:34:17 +0000 2021
Happy #NationalDrinkWine Day! We'll be celebrating with some @DayDrinkingWine and @FourCellars 🍷 Check out the sale… https://t.co/8K7yDm22nR littlebigtown (from Nashville, TN) Thu Feb 18 20:10:12 +0000 2021
The best way to sell in this digital era, isn't through Sales — its Brand. JohnHenryStyle Sat Feb 20 12:29:09 +0000 2021
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