Shopify updated a help page in May to tighten its rules against “hateful content” like racist merchandise, after removing a similar ban in July 2024
Thomas Seal / Bloomberg :
DoorDash reports Q2 revenue up 25% YoY to $3.28B, vs. $3.16B est., total orders up 20% YoY to 761M, and forecasts Q3 gross merchandise value above est.
Juveria Tabassum / Reuters :
eBay reports Q2 revenue up 6% YoY to $2.73B, vs. $2.64B est., gross merchandise volume up 6% to $19.5B, net income up 64% to $368M; EBAY jumps 10%+
Natalie Weger / Wall Street Journal :
Sources and a document: Amazon canceled orders for multiple products made in China and other Asian countries after Trump's April 2 global tariffs announcement
The orders for beach chairs, scooters, air conditioners and other merchandise from multiple Amazon vendors were halted …
A federal judge dismisses a lawsuit claiming Elon Musk and Tesla pumped up Dogecoin into a “pyramid scheme”, finding that Musk's statements were “aspirational”
Federal Judge Dismisses Class Action Lawsuit Accusing Tesla, Musk of Market Manipulation Involving Dogecoin Anan Ashraf / Benzinga : Tesla CEO Elon Musk Wants To Bring Back Dogecoin As A Payment Optio...
Shopify reports Q2 revenue up 21% YoY to $2.05B, vs. $2B est., Gross Merchandise Volume up 22% to $67.2B, and gross profit up 25% YoY to $1B; SHOP jumps 20%+
- Results show company is navigating cautious consumer spending — Revenue outlook for current quarter also beat projections
Podcasting is becoming an industry of megastars with huge deals and the biggest audiences; Edison: the top 25 podcasts reach nearly 50% of US weekly listeners
The top shows are adding video, merchandise and live tours and signing megadeals with Spotify, Sirius and Amazon.
Shopify reports Q4 revenue up 24% YoY to $2.1B, above $2.08B est., and Gross Merchandise Volume up 23% YoY to $75.1B, above $71.6B est.; SHOP drops 10%+
- Fourth-quarter sales and profit beat analysts' estimates — Company earlier this month raised prices it charges merchants
Sources: TikTok aims to grow TikTok Shop US' merchandise volume tenfold to $17.5B in 2024 and plans to launch TikTok Shop in Latin America in the coming months
- ByeDance's video app is fast expanding beyond advertising … The 2024 merchandise volume goal for the US version of TikTok Shop …
A look at TikTok Shop, as big companies shun the e-commerce app, which has a clunky interface and is full of dubious merchandise, like a $50 plastic fork
Bloomberg :