But while things are going extremely well right now, I was very curious to talk to Finkelstein about how he sees competition from the tech giants — a lot of online shopping starts with targeted ads on Facebook, which is building out its own shopping platforms. Facebook and Apple are fighting over how those ads are tracked and served overall. Apple is, as of this week, also in the middle of a nasty trial with Epic Games about the cut it takes on digital purchases in iOS apps.
Finkelstein says that Shopify provides tools for businesses to compete with all of these giants, and that Shopify itself can sometimes act like a giant because it has so many customers to represent. The phrase he used was "being the empire vs. arming the rebels," which, yeah, that's pretty good. Except for the part where the empire routinely strikes back. Still, Finkelstein is a true believer in entrepreneurs, and that really came through in this conversation.
Shopify Joins the Open Invention Network
DURHAM, N.C., May 04, 2021 (GLOBE NEWSWIRE) -- Open Invention Network (OIN), the largest patent non-aggression community in history, announced today that Shopify has become a licensee and community member of OIN. As a leading global commerce platform providing trusted tools to start, grow, market, and manage a retail business of any size, Shopify is reinforcing its commitment to open source software (OSS) as an enabler of its growing business.
Shopify Does Not Compete With Amazon, President Says
2020 was a standout year for Shopify, the e-commerce company known for its tools that empower other businesses to build online stores.
It grew revenue by 86% year over year to reach $2.9 billion for 2020. At the same time, gross merchandise volume (GMV) — or the total sales conducted on the platform — rose 96% in 2020 to $119.6 billion. Now the most valuable company in Canada, Shopify benefited from a demand for digital tools as many small businesses looked to sell their wares online for the first time because of the pandemic.
Shopify joins OIN in further sign of Canadian tech giant's growing patent focus | IAM
The Open Invention Network has announced that Shopify is now a member, so adding another big tech name to its roster
@IAM_Alerts RT @jamie_love: This is helpful. The @NIH has now posted a list of its active US patents (~1000). https://t.co/RahNA9elwU Next, they wil… Read more
@IAM_Alerts RT @sudecker1: USPTO hiring hundreds of new patent examiners https://t.co/tmLOAVRXcj Read more
Shopify (SHOP) Gains As Market Dips: What You Should Know
In the latest trading session, Shopify (SHOP) closed at $1,142.94, marking a +1.87% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.67%.
On that day, SHOP is projected to report earnings of $0.89 per share, which would represent a year-over-year decline of 15.24%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $985.52 million, up 37.96% from the year-ago period.
Shopifreaks launches Shopify focused newsletter for merchants & industry professionals |
A new Shopify focused newsletter aims to keep merchants, industry professionals, and $SHOP investors in the know with major happenings in e-commerce. Asheville, NC (PRUnderground) May 4th, 2021
Shopifreaks is like Morning Brew, The Hustle, and TLDR — for people who care about the e-commerce industry.
The weekly newsletter was launched in January 2021 to bring readers the most valuable industry news in a short and easy to digest e-mail every Monday afternoon.
RBC Capital Stick to Their Buy Rating for Shopify By Investing.com
Global Ecommerce Website Builders Market SWOT Analysis,Key Indicators,Forecast 2027 : Shopify,
MR Accuracy Reports recently introduced new title on " Ecommerce Website Builders Market : Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021-2027 " from its database utilizing diverse methodologies aims to examine and put forth in-depth and accurate data regarding the global Ecommerce Website Builders market. The report provides study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2021-2026).
Happening on Twitter
How Shopify's network of sellers can take on Amazon https://t.co/oVX0SrkqRI https://t.co/gbVnoWfGlw verge (from New York) Wed May 05 01:38:03 +0000 2021
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