Shopify Inc (TSX:SH., NYSE:SHOP) has reduced parts of its workforce in recent weeks, cutting managerial roles across teams including merchant success, operations, sales, and account executives.
Shopify's surging GMV and expanding Merchant Solutions show how rising payments use and global momentum may fuel further upside.
Shopify reportedly fired fewer than 10 employees after they faked sales projections to increase their commissions.
A coalition of 25 state attorneys general on Monday wrote to Shopify , requesting the platform pull its hosting services from websites selling vapes illegally, according to a letter from California's Attorney General's Office.
Shopify (SHOP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Shopify's subscription revenues jump again as Plus expands and high-margin recurring income cements a steadier long-term growth base.
Investors often gravitate toward Shopify as the marquee name in e-commerce software, but it's not the only compelling option in the space. Another player—AppLovin (APP)—has been quietly strengthening its fundamentals and expanding its reach, even as Shopify continues to command a premium valuation.
SHOP's 31% rise, and stronger merchant activity and cash flow meet stiff competition and valuation concerns, prompting caution.
A handful of stocks benefited massively during the pandemic. It was an interesting time to be an investor, to say the least, and those who targeted the stay-at-home stocks were rewarded handsomely with considerable gains.
Shopify (SHOP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Shopify reported decent Q3 results as well as an acceleration in gross merchandise volume growth but failed to beat earnings estimates, sending shares lower by 7%. The company's top line grew 32% year-over-year, with Merchant Solutions revenue up 38% Y/Y, reflecting robust core business expansion. While the long-term growth outlook is favorable amid a growing TAM, the e-Commerce platform expects to see a growth deceleration in Q4—which may weigh on Shopify's valuation.
Shopify (SHOP) posted Q3 results this week that were favorable but underwhelmed the market's growing expectations.