Shopify to lay of 10% of workers


Source: https://news.shopify.com/changes-to-shopifys-team

The stock is down about 16% on the news.

The US ecommerce adoption chart from Tobi's post looks pretty dire for ecommerce generally. Not only is ecommerce growth slowing from its pandemic high, it appears to be shrinking rapidly. This could mean more bad news to come for AMZN.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *