Pinterest’s new CEO takes the social platform shopping

Pinterest reported a mixed earnings report, which sent its stock up 11.6% yesterday. Monthly active users declined 5% — less than expected. Sales grew 9% — showing ad dollars spent on Pinterest to be more resilient than other social media platforms. But its future is much more uncertain. What’s the big deal? Pinterest (NYSE:PINS) is…

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Shopify CEO Tobi Lütke sheds light on the state of e-commerce

Shopify (NYSE:SHOP) — the e-commerce software provider — is cutting 10% (~1,000 workers) of its workforce (WSJ) with most of its cuts in recruiting, support and sales divisions. What’s the big deal? CEO Tobi Lütke expected e-commerce sales to stay strong post-COVID — but admitted in yesterday’s memo, “It’s now clear that bet didn’t pay…

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Shopify faces its biggest challenge as it moves into phase two

“I don’t like change” — probably some value investor. Last week, Shopify (NASDAQ:SHOP) forecasted slower growth post-pandemic — sending its stock down 26% since its earnings report. Shopify is entering its next business phase and investors afraid of change won’t like what’s coming… Slower but still rapid Shopify is known for selling software to power…

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E-commerce stocks go offline

Fading pandemic benefits are hitting e-commerce stocks hard. Yesterday’s reported earnings from Shopify (NASDAQ:SHOP) and Wix (NASDAQ:WIX) sent their stocks down 16% and 23%. What’s the big deal? The COVID after-effect first hit work-from-home stocks like Zoom and Peloton — now making its way to e-commerce. After rising 237% between 2020-2021, Shopify — the e-commerce…

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Can Amazon wake up from its 2021 nap?

Investing in Amazon was a snooze in 2021 — its stock only up 2.3% on the year — way short of the S&P 500 average. It was also the worst-performing tech giant compared to Alphabet, Meta and Apple. But Amazon’s temporary weakness may be offset by its long-term potential. 2021 just wasn’t Amazon’s year Amazon…

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Sea, the most valuable company in Southeast Asia pushes global expansion

Once your gaming company makes billions, what’s the next step? Launch a billion-dollar e-commerce company. That was Sea LTD’s game plan — becoming the most valuable company in Southeast Asia in the process. What’s next? World domination, starting with Latin America. Monster of a company Founded in 2009, Sea operates the largest gaming, e-commerce and…

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The future of e-commerce as told by Shopify and Amazon

Last week, two giant e-commerce companies reported earnings that confirmed what was already expected — e-commerce spending is slowing down as consumers take their spending elsewhere. But their earnings also show us two diverging growth stories… Something old: Amazon Amazon (NASDAQ:AMZN) fell 7% after reporting worst-than-expected earnings on Thursday — sending other e-commerce companies (i.e….

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Farfetch Stock: The luxury fashion marketplace rises on momentum

COVID may be over, but luxury revenge spending is just getting started. The luxury fashion industry is seeing “remarkable levels of profitability” coming out of the pandemic — and online marketplace Farfetch is reaping the benefits.   From mom and pop shops to must cops When the pandemic hit, many expected the $316b luxury goods industry…

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Grocery delivery stocks hit the US stock market

Investors are hungry and ready to feast on two new grocery delivery stocks hitting the US market. On June 29, Chinese grocery startups, DingDong (NYSE:DDL) and MissFresh (NASDAQ:MF), went public on the US stock market.  Grocery chains have a problem on their hands Due to the pandemic lockdowns, the online grocery market grew 81% to…

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Car sales move online and these car stocks are driving the change

Shaq is going to have to change his sales tactics in an online world. For the first time ever, millennials bought more cars than baby boomers and it looks like this trend is here to stay. The difference is  – they’re doing it online. No showroom, no problem Buying a car is a tiring process…

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