Shopify signs on to join Facebook’s embattled Libra cryptocurrency plan [Financial Post (Toronto, Ontario, Canada)]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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Source: Financial Post
Shopify signs on to join Facebook's embattled Libra cryptocurrency plan Merchants' need for low-cost payment structure — and its own need to limit fees — lead company to the blockchain project others have already left Ottawa-based e-commerce company Shopify Inc. has joined Libra Association, the group behind Facebook’s plan to create a global cryptocurrency that first attracted — and then lost — backing from key financial players including Visa, Mastercard and PayPal. In a statement, Shopify said it linked up with the venture to “work collectively to build a payment network that makes money easier to access and supports merchants and consumers everywhere.” Facebook’s plan to broaden its influence beyond communications and advertising into finance with a virtual currency, unveiled last June, drew a swift backlash from politicians in the United States and raised regulatory questions. But Shopify’s desire to expand beyond the million merchants on its e-commerce platform, including entici
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News
- The Globe's stars and dogs for the week [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Shopify Inc. (NYSE: SHOP) was upgraded by analysts at Atb Cap Markets from a "sector perform" rating to an "outperform" rating.MarketBeat
- Shopify Inc. (NYSE: SHOP) had its price target lowered by analysts at Scotiabank from $80.00 to $75.00. They now have a "sector perform" rating on the stock.MarketBeat
- Shopify Inc. (NYSE: SHOP) had its price target lowered by analysts at Citigroup Inc. from $105.00 to $95.00. They now have a "buy" rating on the stock.MarketBeat
- Shopify Inc. (NYSE: SHOP) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $90.00 to $80.00. They now have a "buy" rating on the stock.MarketBeat
SHOP
Earnings
- 5/8/24 - Beat
SHOP
Sec Filings
- 5/10/24 - Form SC
- 5/8/24 - Form 6-K
- 5/8/24 - Form 6-K
- SHOP's page on the SEC website