Shopify revenue skyrockets as businesses rush online during pandemic

Shopify revenue - Shopify app on phone

The online and mobile commerce platform was losing money a year ago and is now exploding in popularity. Shopify revenue has taken off, reporting $36 million in profits for the second quarter of 2020. This represents double what it had been taking in during the same quarter in 2019. The company has been widely benefiting from the COVID-19 lockdowns as businesses rushed online. The Canadian company said that it had earned 29 cents per diluted share during its second quarter which ended at the close of June. Comparatively, during the…

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