Shopify COVID-19 Archives

Shopify revenue skyrockets as businesses rush online during pandemic

07/30/202007/29/2020 Jennifer Goula

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…

Shopify digital commerce firm makes permanent shift to work-from-home

05/25/202005/22/2020 L. Green

Shopify digital commerce - Shopify online - computer

CEO announces the intention to default to working from home even when offices reopen. The Shopify digital commerce company, the most valuable firm in Canada, announced through a tweet from its CEO that it would be “digital by default” moving forward. By this, he meant that even after offices in the locked down country reopen, it plans to keep as many of its employees working from home as possible. At the same time, despite the federal or provincial rulings, it is keeping offices closed until 2021. CEO of the Shopify…