In a world in which e-commerce has become a necessity for nearly every retailer, it can seem they have only two options: list their goods on marketplaces run by giant companies, or sell to consumers directly, hoping they'll make more on each transaction despite fewer sales. In other words, either join a dominant marketplace like eBay , Walmart or Amazon —which by itself represents 38% of U.S.
For many small- and medium-size sellers, a third option has emerged, embodied by the rising star of e-commerce , Shopify . This approach gives merchants access to cloud-based third-party services such as payments and fulfillment, but lets them maintain more control of their branding and customer relationships than the biggest marketplaces offer. Shoppers might not even know they're buying something from a Shopify-powered retailer, and that's the point.
While you're here, how about this:
Shopify's Latest Savvy Move Could Mean Big Things for Its Future | The Motley
Brian Withers: [laughs] Well, I'll kick it off with Shopify. They did another, another capital raise, raising $1.5 billion, and now the cash balance on their balance sheet is $8 billion dollars. The reason they gave was, "to strengthen balance sheet provide flexibility for funding its growth strategy," not surprising.
It's great that they're able to do this with the strength that the stock has seen over the last few years. CFO Amy Shapero shared some of their key areas for growth, incremental growth investment in 2021, and it's about the Shopify Fulfillment Network, the Shop App, and international expansion. Localization such as pick-up locations in France and whatnot.
Shopify (SHOP) Stock Sinks As Market Gains: What You Should Know
Shopify (SHOP) closed at $1,140.63 in the latest trading session, marking a -0.14% move from the prior day. This change lagged the S&P 500's 0.1% gain on the day. At the same time, the Dow added 0.9%, and the tech-heavy Nasdaq lost 0.59%.
Coming into today, shares of the cloud-based commerce company had lost 21.94% in the past month. In that same time, the Computer and Technology sector lost 5.38%, while the S&P 500 gained 0.71%.
Impact Joins Shopify Plus as Certified App Partner for Influencer and Affiliate Marketing |
"Traditional advertising has become less effective as consumer trust has waned, which is why partnerships, relationships built on trust, are considerably more effective," said Michael Head, Chief Partnerships Officer at Impact. "It's estimated that a staggering 75% of the world's commerce is now driven through partnerships, according to the World Trade Organization.
Shopify and Shopify Plus merchants can now take advantage of Impact's Partnership Cloud through Shopify's App Store. With Impact's industry-leading influencer and affiliate program technology, merchants can discover and recruit new partners, develop contracts, settle payments in more than 70 currencies, track partners to attribute performance across devices, measure performance and communicate the latest brand messaging and updates to partners.
Quite a lot has been going on:
Facebook & Instagram Shops Integrate With Shopify
Facebook and Instagram Shops are adding Shopify as a payment option which is estimated to increase conversion rates by 1.72x.
All Shopify merchants selling on Facebook and Instagram can now offer Shop Pay as a checkout option for customers.
Checking out with Shop Pay is said to be 70% faster than a typical checkout, which is due in large part to how it pre-populates customer details such as billing and shipping information.
Shopify’s $1.56 Billion Public Equity Offering – Global Legal Chronicle
Shopify Inc.'s $1.56 billion public offering of 1,180,000 Class A subordinate voting shares at a price of $1,315 per share.
The underwriters were led by Citigroup, Credit Suisse and Goldman Sachs & Co. LLC as book-running managers.
Shopify, a leading global e-commerce company, intends to use the proceeds to strengthen its balance sheet, providing flexibility to fund its growth strategies.
Female Shopify executives launch angel investing group, Backbone Angels - The Globe and Mail
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A group of female leaders from Shopify Inc . has launched an investor collective called Backbone Angels to back early-stage female and non-binary founders, with a focus on Black, Indigenous and women-of-colour-led companies.
Shopify, which became Canada's most valuable publicly traded company last year, has created many paper millionaires among its staff thanks to its soaring stock price. They, in turn, have become one of the most active complements of angel investors in Canada – often backing some of the young companies that use Shopify's online platform to manage e-commerce sites and back office operations.
Direct Air Capture of CO2 Is Suddenly a Carbon Offset Option - Scientific American
The online retail platform Shopify, Canada’s most valuable company, yesterday inked a deal to suck out of the atmosphere 10,000 metric tons of carbon dioxide and store it permanently underground.
Shopify Inc.’s agreement is the largest publicly announced corporate purchase of direct air capture, or DAC, for carbon offsets, according to Carbon Engineering, a Canadian firm seeking to commercialize the nascent climate-change-fighting technology.
Happening on Twitter
The pandemic forced countless small businesses to move to e-commerce, many listing their goods on marketplaces run… https://t.co/f4T3J5pXV2 WSJ (from New York, NY) Sat Mar 13 15:00:11 +0000 2021
This week I dove into a seemingly-obscure but, it turns out, quite important topic: Where do small businesses sell… https://t.co/l4CdWuEbgb mims (from Baltimore, MD) Sat Mar 13 16:08:22 +0000 2021
Here's the reality: you're either empowering independent businesses or you're not. @Shopify we will always stand to… https://t.co/Z4wwdN043y harleyf (from Canada) Sun Mar 14 00:04:06 +0000 2021
World's most innovative companies in 2021 according to @FastCompany 1. @moderna_tx 2. @BioNTech_Group / @pfizer… https://t.co/JzzvF9UGLE tobi (from Canada) Tue Mar 09 16:05:16 +0000 2021
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