Shopify misses revenue estimates as e-commerce rivalry deepens


FILE PHOTO: An employee works at Shopify's headquarters in Ottawa, Ontario, Canada, October 22, 2018. REUTERS/Chris Wattie

(Reuters) -Canada's Shopify Inc's third-quarter revenue fell short of Wall Street estimates, hurt by stiff competition as rivals invest more money to develop their e-commerce platforms.

Although demand for Shopify's software and services remain strong, Adobe Inc and Amazon.com Inc are also working on product developments on their e-commerce platforms to help retailers create and better manage their online stores.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Coupang announces $1.18 billion compensation to South Korea users for data leak
Understanding personal cyber insurance: what it covers and what it doesn't
‘Marvel Cosmic Invasion’ revives an arcade beat-’em-up experience
Louis Gerstner, former IBM CEO who revitalized 'Big Blue,' dies at 83
Amazon halts plans for drone delivery in Italy
Coupang founder Kim Bom apologises for data leak, pledges compensation
Sam Altman hints at the radical design choices behind OpenAI’s upcoming devices
Opinion: Enable Wi-Fi calling if your house has dead zones
'Brazen attempt': Can a start-up restore the original Twitter brand?
An ecological tale gives life to Metroid Prime 4

Others Also Read