Shopify (SHOP) investors saw the stock gaining +18.87% the last 5 days, which means it sits at +40.36% YTD (epic run so far in 2023!). Here's the news: 1. OPERATING LEVERAGE Shopify announced price hikes across the board for merchants using its platform – the first in 12 years. The changes are as follows for each plan: Basic Plan: $29 > $39 Shopify Plan: $79 > $105 Advanced Plan: $299 > $399 Great example here of operating leverage – because if SHOP can retain customers with these significant price hikes, their margins (and thus profits) will soar. 2. EARNINGS DATE ANNOUNCED Shopify announced a date for their Q4 2022 earnings. All eyes will be on the stock on Wednesday, February 15 after market close for results from Shopify. 3. CTO DEPARTURE The CTO of Shopify (Allan Leinwand) has decided to leave the company due to personal reasons. Allan was the CTO for 15 months. His departure comes as a surprise to the company and no replacement CTO is planned right now (the CEO will take responsibilities for now). 4. EXECUTIVE LAYOFFS News broke that Shopify laid off their VP of Infrastructure (Mike Lents) and VP of Engineering (Ravi Byakod) earlier this month. Shopify is going through some serious re-org to optimize cost, and this could be impacting employee morale – keep an eye out here. Hope this was useful! You can read the full article here and receive these updates for any stock we cover (currently 8 stocks) for free here submitted by /u/blackdragon1299 [comments]
