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Shopify is the name of its proprietary e-commerce platform for online stores and retail POS (point-of-sale) systems. The platform offers retailers a suite of services, including payments, marketing, shipping and customer engagement tools. [3] As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries. [4]
Data source: Shopify. Chart buy author. In the first nine months of 2024, Shopify's GMV and revenue both grew 23% year over year. It stopped disclosing its GPV growth on a quarterly basis in the ...
Consider stepping into a stake in Shopify (NYSE: ... and boosting free cash flow from $276 million during the third quarter of last year to $421 million for the three-month stretch ending in ...
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[68] 8.9 million transactions were made in the retail and ride-hailing divisions, according to ONDC, which also saw a 23% increase in total transaction volume month over month. The retail category saw a record-breaking 200,000 retail transactions in a single day in May 2024, with 5 million orders placed, up from 3.59 million in April 2024.
Left wrote another report about Shopify in April 2019, stating he believed Shopify's stock price would come down 50% in the next 12 months. [49] In January 2020, Left announced in his annual letter to investors that Citron Research had exited the short position. The reports did not lead to an investigation into Shopify by the FTC. [50]
Shopify reported a 26% jump in revenue to $2.16 billion for the third quarter ended Sept. 30, compared with analysts' average estimate of $2.11 billion, marking the ninth straight quarter of beat ...