The Friday Fall of Shopify Stock; Market After Jerome Powell’s Comments
Shopify’s stock was seen crashing down on Friday due to the macroeconomic conditions in the United States. Another e-commerce platform Amazon and iPhone maker Apple saw a similar fall in their stock rates. While Shopify stock fell by 7.4 percent on Friday morning, Amazon and Apple saw falls of 4.3 percent and 3.2 percent respectively. […]
Shopify Stock Price Plummets 17% After Layoffs Announcement
Shopify shares witnessed a sharp drop of 17 percent after the company announced layoffs in a blog post. The e-commerce platform slashed 10 percent of its global workforce due to a soured bet that the pandemic boom in online shopping trends would continue. The move will impact approximately 1000 staffers. “Ultimately, placing this bet was […]