Shopify news

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Shopify shareholders approved a 10:1 split of Class A and Class B stock. The additional securities will be issued on June 28 to holders of shares as of June 22, 2022, and will begin trading on the exchange on June 29, 2022, taking the split into account. Also approved is an issue of Founder's Shares for Tobias Lütke. This, in combination with Lütke's existin...

Shopify

Shopify plans to buy e-commerce platform Deliverr for $2.3-2.7 billion, sources told Insider. The deal is expected to take place in the next two weeks. Deliverr allows relatively small sellers to leverage a nationwide warehouse network and facilitate faster delivery of goods. It serves marketplace sellers on platforms such as Walmart, eBay, Google Shopping a...

Shopify

Shopify's GAAP loss for 3 months of 2022 was $1.474 billion, compared to a profit of $1.259 billion in the previous year. Revenue rose 21.7% to $1.204 billion from $0.989 billion a year earlier.

Shopify

Shopify is planning a 10:1 split of Class A and Class B stock. This will be decided at the annual shareholder meeting on June 7, 2022. If approved, shareholders of record at the close of business on June 22, 2022 will receive shares on June 28, 2022.

Shopify

Shopify is integrating digital payment service Strike into its marketplace. Sellers will be able to accept payments in cryptocurrency and instantly convert them into dollars. This will save on payment processing fees, as well as cash payments. In addition, Strike's integration will allow Shopify merchants to save money due to the low cost of payment processi...

Shopify

Shopify's GAAP net income for 2021 was $2.915 billion, up 9.1 times from $0.32 billion the previous year. Revenue increased 57.4% to $4.612 billion from $2.93 billion a year earlier.

Shopify

Shopify will make it possible for U.S. merchants to sell their goods to China through JD.com. Shopify users will be able to open a store on JD.com in 3-4 weeks, which usually takes about 12 months for foreign merchants. JD will handle price conversion and logistics from the U.S. to China.

Shopify

Shopify's GAAP net income for 9M 2021 was $3.286 billion, up 16.7x from $0.196 billion in the previous year. Revenues increased 65.7% to $3.232 billion from $1.951 billion a year earlier.

Shopify

Shopify will work with Microsoft and Oracle to create business tools for merchants of its app. Storefront owners on the platform will be able to access enterprise resource planning tools, including Microsoft Dynamics 365 Business Central, Oracle NetSuite and Infor.

Shopify

Shopify's GAAP net income for 6 months of 2021 was $2.138 billion, up multiple times from $0.005 billion in the previous year. Revenues increased 78% to $2.108 billion from $1.184 billion a year earlier.