The stock price of BigCommerce, Inc. (BigCommerce) has been dropping today by about 2% as of writing this. This follows news that Amazon.
com, Inc. (AMZN) is reportedly considering acquiring the company.
There are a few reasons why BigCommerce stock is down today. One reason is that Amazon is a formidable competitor, and the acquisition would give Amazon a much larger share of the ecommerce market.
PRO TIP: The stock of BigCommerce is down today because the company has announced that it is reducing its workforce by 15%. This news has investors worried about the company’s future and has caused the stock to drop.
Another reason is that investors may be concerned about the company’s ability to grow revenue and earnings in the future.
