Shopify Surges After CTO Touts ‘Black Friday Level Traffic’

(Bloomberg) — Shopify Inc. shares are on track for a record high after an executive said the e-commerce company was experiencing traffic similar to peak holiday levels and predicted even more growth.“As we help thousands of businesses to move online, our platform is now handling Black Friday level traffic every day!” Chief Technology Officer Jean-Michel Lemieux said Thursday on Twitter, referring to the day after Thanksgiving that is one of the busiest shopping days of the year. “It won’t be long before traffic has doubled or more.”Shopify gained as much as 11% on Friday, after rising 5.9% on Thursday. During …read more

Source:: Yahoo Finance

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