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Daily Archives: January 29, 2021

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Shopify revenue doubles as pandemic increases ecommerce sales

Blog, Ecommerce, Online shoppingBy TeamLMJanuary 29, 2021

  The Ottawa based company recorded a profit of US$36 million for the second quarter of this year. Reported in US dollars, Shopify recorded their adjusted earnings at $129.4 million, up $10.7 million from this time last year. Financial market data firm Refinitiv had expected the company to be reporting a net loss this year,…

Snap misses growth estimates as user numbers stall

Blog, EcommerceBy TeamLMJanuary 29, 2021

  Snap Inc has announced that the rise in users, thanks to Covid-19 and lockdown measures, has petered out sooner then expected, with their new estimate lower then originally. Stock prices fell 11% at the news before eventually paring losses to 6% The amount of daily active users, something often closely watched by investors and…

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