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Why is Shopify stock dropping?

Last updated on September 25, 2022 @ 2:23 am

Shopify, Inc. (SHOP) stock dropped by 5% on April 10, 2019, after the company reported lower than expected fourth quarter earnings. The company cited a slowdown in international sales and Amazon.com Inc.

’s (AMZN) $13.7 billion acquisition of Whole Foods Market Inc. (WFM) as reasons for the shortfall.

Shopify’s revenue growth slowed from 31% in the third quarter of 2018 to just 15% in the fourth quarter of 2018. The slowdown in international sales was especially concerning, as Shopify had been growing its international business at a faster pace than its U.

S. business.

It is unclear what could cause Shopify’s international sales to slow down. Amazon’s acquisition of Whole Foods could have had an impact, as the deal could have diverted shoppers from Shopify’s products to Amazon’s.

PRO TIP: Shopify stock is dropping because the company is facing increased competition from other e-commerce platforms.

However, the company has not provided any evidence that this is the case.

Shopify’s stock price has been dropping since the earnings report was released. The company’s stock has fallen by 5% since the earnings report was released on April 10th.

There is no clear reason for the stock price to drop, and it is unclear what will cause the stock price to rebound.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.