Why Is Shopify (SHOP) Stock in the Spotlight Today?

InvestorPlace2022-04-21

Shopify(NYSE:SHOP) stock is on the move Thursday as investors react to a couple of stories concerning the e-commerce company.First up is a report from Bloomberg that Shopify is looking to acquire tech...

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Comments

Jess261
2022-04-22
Jess261
okay
Slee49
2022-04-22
Slee49
OK
Wtt
2022-04-22
Wtt
O
YJ Lee
2022-04-22
YJ Lee
Ok
fourseas
2022-04-22
fourseas
great
Seah CL
2022-04-22
Seah CL
K

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As it’s name implies, Deliverr is a delivery company and has a specific focus on shipping products bought online to consumers.</p><p>Deliverr currently works with several e-commerce companies, including Shopify rivals <b>Amazon</b>(NASDAQ:<b><u>AMZN</u></b>) and <b>eBay</b>(NASDAQ:<b><u>EBAY</u></b>). With its focus on providing fast deliveries, Deliverr could massively improve SHOP’s logistics network to help it better compete with AMZN.</p><p>According to these recent reports, Shopify may spend a total of $2 billion to bring Deliverr into its fold. However, insider sources also cautioned that the deal may not come to fruition.</p><p>The next big news affecting SHOP stock today comes from rival Amazon. The e-commerce giant has launched a new Buy With Prime feature. This allows merchants to use Amazon’s payments and fulfillment services on their own websites.</p><p>This move by Amazon appears to be in direct response to Shopify’s recent growth. 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As it’s name implies, Deliverr is a delivery company and has a specific focus on shipping products bought online to consumers.Deliverr currently works with several e-commerce companies, including Shopify rivals Amazon(NASDAQ:AMZN) and eBay(NASDAQ:EBAY). With its focus on providing fast deliveries, Deliverr could massively improve SHOP’s logistics network to help it better compete with AMZN.According to these recent reports, Shopify may spend a total of $2 billion to bring Deliverr into its fold. However, insider sources also cautioned that the deal may not come to fruition.The next big news affecting SHOP stock today comes from rival Amazon. The e-commerce giant has launched a new Buy With Prime feature. This allows merchants to use Amazon’s payments and fulfillment services on their own websites.This move by Amazon appears to be in direct response to Shopify’s recent growth. 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