Advertisement
Singapore markets closed
  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     
  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • FTSE 100

    7,840.25
    -36.80 (-0.47%)
     
  • Bitcoin USD

    64,898.95
    +2,489.77 (+3.99%)
     
  • CMC Crypto 200

    1,330.76
    +18.13 (+1.40%)
     
  • S&P 500

    5,015.27
    +4.15 (+0.08%)
     
  • Dow

    37,957.56
    +182.18 (+0.48%)
     
  • Nasdaq

    15,557.72
    -43.78 (-0.28%)
     
  • Gold

    2,399.90
    +1.90 (+0.08%)
     
  • Crude Oil

    83.00
    +0.27 (+0.33%)
     
  • 10-Yr Bond

    4.6040
    -0.0430 (-0.92%)
     
  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     
  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     
  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

If Shopify Passes This Test, the Stock Could Soar

If Shopify Passes This Test, the Stock Could Soar

For the first time in 12 years, Shopify (NYSE: SHOP) is raising prices. The e-commerce software peddler hiked rates on its Basic, Shopify, and Advanced tiers by about 33%, leaving the most expensive Shopify Plus plan untouched at $2,000 a month. The move comes after Shopify has been rocked by the pandemic hangover as e-commerce growth slowed dramatically last year after booming in 2020 and 2021.