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Earlier today, Shopify faced a major outage that disrupted the operations of numerous merchants, leaving them unable to fulfill transactions. According to Shopify’s status page, the company has found and fixed the issue. The disruption is particularly problematic given that customers were actively searching for deals on Cyber Monday, one of the busiest online shopping … Read more
Shares of Shopify Inc. (NASDAQ: SHOP) rose over 2% on Wednesday. The stock has gained 55% year-to-date. The company witnessed strong growth in revenue and gross merchandise volume (GMV) in the third quarter of 2025, but its profits saw a dip versus the previous year. SHOP continues to see robust traction across its business and … Read more
E-commerce software provider Shopify is bullish on AI-powered shopping agents, citing AI as an “incredible tool” to enable more entrepreneurs and calling it the “biggest shift in technology since the internet” during its third-quarter earnings call. The company, which partnered with ChatGPT maker OpenAI in September, reported that traffic from AI tools to its online … Read more
Zoom In IconArrows pointing outwards OpenAI’s Instant Checkout Courtesy of OpenAI OpenAI on Monday announced Instant Checkout, a new feature that allows users to buy products through its artificial intelligence chatbot ChatGPT. Instant Checkout initially supports single-item purchases directly from U.S. Etsy sellers, and it’s available to U.S. ChatGPT Plus, Pro and Free users. OpenAI … Read more
E-commerce company Shopify Inc. (NYSE: SHOP) on Wednesday reported an increase in revenue and net income for the second quarter of fiscal 2025. There was a sharp increase in gross merchandise value. June-quarter revenues climbed 31% year-over-year to $2.68 billion, as sales at the Subscription Solutions and Merchant Solutions segments grew sharply. The company reported net income of $906 … Read more
Sam Altman and “his tech CEO friends” have a betting pool on the year we will see the first one-person billion-dollar company. The idea of a single person reaching a billion-dollar valuation for a startup would have been unthinkable without AI. But single-person, AI-first businesses have been sprouting all over the tech industry and Birk … Read more
E-commerce company Shopify Inc. (NYSE: SHOP) on Thursday reported a net loss for the first quarter of 2025, despite a 27% increase in revenues. March-quarter revenues climbed 27% year-over-year to $2.36 billion, with sales at the Subscription Solutions and Merchant Solutions segments growing 21% and 29%, respectively. The company reported a net loss of $682 … Read more
Welcome to Eye on AI! I’m Sharon Goldman, AI reporter at Fortune. I’m excited to share that I’ll be taking the helm on the Thursday edition going forward. Don’t hesitate to reach out and let me know what you think! In today’s edition: Musk’s DOGE uses AI to snoop on federal workers…a Meta exec denies … Read more
In a recent memo to employees, Shopify CEO Tobi Lütke made a bold policy change: teams must demonstrate why AI can’t perform a job before they’re permitted to ask for more headcount and resources. “Before asking for more headcount and resources, teams must demonstrate why they cannot get what they want done using AI,” Lütke … Read more
Nearly 10 years after filing to go public on the New York Stock Exchange (NYSE) and Toronto Stock Exchange, Canadian e-commerce platform Shopify has announced that it’s transitioning its U.S. listing to the Nasdaq. In a filing with the Securities and Exchange Commission (SEC) on Wednesday, Shopify said it is removing its Class A shares … Read more
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