Tag Archives: Shopify Inc

Cybersecurity stocks are beating the market in a volatile economy

CrowdStrike IPO at the Nasdaq exchange June 12, 2019. Source: Nasdaq Economic concerns were a major theme across the technology industry during second-quarter earnings season, as companies cautioned about slower spending on ads, gadgets, e-commerce and software. But with interest rates rising and inflation stuck near a 40-year high, one …

Read More »

Shopify warns sellers against using Amazon’s ‘Buy With Prime’ service

The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, Sept. 28, 2018. Chris Wattie | Reuters Shopify is pushing back on Amazon’s one-click checkout service. The e-commerce platform is warning merchants who try to install Amazon’s “Buy With Prime” button on their storefront that it violates …

Read More »

Cloud stocks rise as investors see resilience in Q2 2022 results

Confluent Co-Founder and CEO Jay Kreps appears at the company’s sales kickoff in Las Vegas on Feb. 8, 2022. Confluent Investors looking to get into beaten-down cloud stocks at bargain basement prices may have missed their opportunity. Scanning the cloud software market, which tanked to start the year, numerous stocks …

Read More »

Tech companies, banks overstaffed while airlines, hotels need workers

JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan …

Read More »

Shopify’s pandemic boom is over — here’s how it’s tightening its belt

The Shopify application for download in the Apple App store on a smartphone arranged in Brooklyn New York, on Wednesday, Feb. 16, 2022. Gabby Jones | Bloomberg | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. …

Read More »

Shopify (SHOP) earnings Q2 2022

In this photo illustration the logo of Canadian e-commerce company Shopify Inc. is displayed on a smartphone. Thomas Trutschel | Getty Images Shopify on Wednesday reported weaker-than-expected results for the second quarter, and warned that inflation and rising interest rates would weigh on the business in the second half of …

Read More »

Shopify sinks 14% after company plans to lay off 10% of workers

An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shopify is laying off roughly 1,000 workers, or around 10% of its global workforce, the company announced Tuesday. Shares of Shopify sank more than 14% following the announcement. In a memo to staff, CEO Tobi Lutke …

Read More »

YouTube partners with Shopify to add live shopping features

In this photo illustration the logo of Canadian e-commerce company Shopify Inc. is displayed on a smartphone. Thomas Trutschel | Getty Images YouTube announced on Tuesday that it’s partnering with e-commerce platform Shopify to let viewers purchase products without leaving its website. Shares of Shopify were up about 2.5% on …

Read More »

Climeworks, carbon dioxide removal company, building Iceland plant

Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal startup Climeworks announced on Tuesday it is building a second commercial sized plant in Iceland. When fully operational in 18 to 24 months time, the plant will capture and store 36,000 metric tons per year …

Read More »

Cloud stocks mount rally led by UiPath, as investors see market bottom

Daniel Dines, CEO, UiPath at company’s IPO at the New York Stock Exchange, April 21, 2021. Source: NYSE Cloud stocks rallied on Thursday, with more than a dozen vendors notching gains of 10% or more, as investors used an upbeat day on Wall Street to snap up shares of companies …

Read More »