Shopify is Getting Black Friday Level Traffic Every Day
https://www.bloomberg.comShopify stock gained 50% in the last 7 days, adding $23B in market value. Shopify Inc. shares are on track for a record high after an executive said the e-commerce company was experiencing traffic similar to peak holiday levels and predicted even more growth.
E-commerce companies like Shopify have been among beneficiaries of the coronavirus pandemic as home-bound consumers shift more of their purchases online and avoid going to physical stores. Amazon.com Inc., the worldโs biggest online retailer, saw its shares rise to a record on Thursday and is on track for its biggest monthly gain in more than two years.