Why Shopify Stock Tanked 12.4% on Monday

Motley Fool2022-03-22

News of increasing competition and perhaps some profit-taking sent the cloud-based commerce software provider into a tailspin.What happenedShares of Shopify got crushed on Monday, tumbling as much as ...

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Comments

手可摘棉花
2022-03-22
手可摘棉花
because what goes up very fast will come down v fast also
CIG
2022-03-22
CIG
Fxxl Justin Pope just recommended SHOP earlier at 7.25am on 21 Mar 2022.
n86887
2022-03-22
n86887
Cool
ZenInv
2022-03-22
ZenInv
Can the mid caps hold off the giants?
Mic6226
2022-03-22
Mic6226
Good news

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The catalyst that sent the e-commerce tools provider plunging was word that competition is ramping up in the online retail space.So whatA report published over the weekend highlights plans by Alphabet's Google to make a bigger push into e-commerce, according to The Street.Image source: Getty Images.Late last week, Google announced Last Mile Fleet Solutions, a set of tools designed to help merchants ensure that deliveries are \"fast, reliable, and low cost.\" The application helps fleet operators manage the delivery experience from order to doorstep, while also optimizing the shipment at every stage of the process. This includes capturing valid delivery addresses, route planning, efficient driver navigation, tracking the progress of shipments, and analyzing overall fleet performance.The solution is built atop the On-demand Rides & Deliveries solution on the Google Maps Platform, which helps ride-hailing and on-demand delivery operators with a host of tools, including driver dispatch, in-app navigation, and real-time delivery status, among others.By building on its existing platform, Google is expanding the addressable market it serves, making further inroads into the growing field of e-commerce shipment and delivery. In a blog post, Google cited data that suggests \"e-commerce shipments are on track to double by 2026 and 90% of U.S. consumers expect free two-to-three-day shipping.\"Now whatIt's worth noting that some financial data feeds currently disagree about Shopify's closing price on Friday. 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