Black Friday data adds to evidence e-commerce growth is slowing

Black Friday data adds to evidence e-commerce growth is slowing

2 years ago
Anonymous $FNmJglWnLu

https://techcrunch.com/2021/11/29/black-friday-data-adds-to-evidence-e-commerce-growth-is-slowing/

Since the onset of the COVID-19 pandemic, e-commerce has been on a tear. Lockdowns, a move to remote work and other impacts of COVID pushed a great number of global citizens to spend more of their money online through e-commerce sites and on-demand services.

For companies like Shopify, the period since March 2020 has proven a bonanza. The Canadian e-commerce giant spent last March bouncing between $350 and $420 per share. Today, the company is worth $1,554.74 per share.