As social commerce accelerates, Shopify is integrating Shop Pay into Instagram and Facebook, the e-commerce platform announced on Tuesday . The move allows consumers to pay Shopify merchants using Shop Pay on those platforms.
Shop Pay automatically fills in consumers' details and allows them to pay without leaving Facebook or Instagram, the company said. Users will also be able to track orders after purchase and see carbon emissions offsets from their purchases, among other things.
In case you are keeping track:
What's Driving Shopify Stock's Rally? -- Trefis
Shopify (NYSE: SHOP) stock has rallied by about 30% year-to-date, and the stock has jumped almost 3x over the last 12 months. There are a couple of trends driving the recent rally. Firstly, analysts and investment managers have been increasingly bullish on the stock, despite its high valuation, citing Shopify’s sizable market opportunity.
Now are further gains in the cards for Shopify, after this big rally? Shopify trades at a relatively steep 45x consensus 2021 revenue, but it is growing quickly, with sales likely to expand by 34% year-over-year in 2021. In comparison, Etsy, an online marketplace targeted at small and home-based businesses, trades at a more reasonable 16x projected 2021 revenues, consensus estimates peg growth at just about 12% for this year.
Shopify stock jumps 8% as it expands its payment option to Facebook and Instagram
Shares of Shopify jumped 8% on Tuesday after the e-commerce company announced plans to expand its payment option Shop Pay through a partnership with Facebook. The move is the first time Shopify is making its services available outside of its own platform.
Once the partnership with Facebook is rolled out, shoppers can directly checkout products bought on the social media network as well as on Instagram.
Create and launch your own Shopify store with these seven courses
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/6GKD5ZJZNVCPTI7T6YZWQ2OWPQ.jpg)
So, you want to be your own boss? You can benefit from a dropshipping business, especially if you already have a focus in mind, like selling clothing or other fashion items. Starting your own dropshipping business can take a lot of hard work, but you don't need any business experience to begin. If you want to make it a success, persistence and dedication are vital. Need help getting started?
With this program, you don't need any prior Shopify experience. You'll learn how to create your own Shopify store, how to run the business from home, ways to improve your store, among other tips and tricks. The Shopify Guide course, led by Yassin Marco, teaches you the basic concepts of business, how to successfully run your own brand, getting to know apps that help you with your business, and launching your business with less financial risk.
This may worth something:
Shopify (SHOP) Earnings Expected to Grow: Should You Buy?
Wall Street expects a year-over-year increase in earnings on higher revenues when Shopify (SHOP) reports results for the quarter ended December 2020. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on February 17, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
Shopify Stock Spikes as Payment Platform Added to Facebook and Instagram Stores |
Shopify shares have extended their recent torrid rally after the e-commerce software provider said it is extending its Shop Pay payments service to transactions on both Facebook and Facebook's sister site Instagram.
"The way we buy the things we love has fundamentally changed," Shopify (ticker: SHOP) said in a statement. "Today, social platforms are our digital Main Street, and we form relationships with brands based on the online experience they provide every step of the way. That's why, for the first time, we're expanding Shop Pay…to all Shopify merchants selling on Facebook and Instagram."
No comments:
Post a Comment