Saijo George

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monday20 Apr 2020

Shopify is Getting Black Friday Level Traffic Every Day

https://www.bloomberg.com

Shopify 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 worldโ€™s 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.

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