- Shopify stock (TSX:SHOP) popped on news that Amazon.com (NASDAQ:AMZN) announced an enhanced collaboration
- The two online retailers struck a deal that would see Amazon release an app in Shopify’s app ecosystem to give U.S.-based merchants access to Amazon’s “Buy with Prime” option
- The new app will be designed to give Shopify merchants access to Prime benefits like fast and free delivery outside of Amazon.com for the first time
- Shopify Inc. stock opened trading at C$87.50 per share
Shopify stock (TSX:SHOP) popped on news that Amazon.com (NASDAQ:AMZN) announced an enhanced collaboration.
The two online retailers struck a deal that would see Amazon release an app in Shopify’s app ecosystem to give U.S.-based merchants access to Amazon’s “Buy with Prime” option.
The new app will be designed to give Shopify merchants access to Prime benefits like fast and free delivery outside of Amazon.com for the first time, while also maintaining complete control of their brand and their customer data.
Shopify Payments will process the payments through the company’s checkout service.
Shopify is a global e-commerce company offering internet infrastructure to run retail businesses of any size. The company powers millions of businesses in more than 175 countries.
Shopify Inc. stock opened trading at C$87.50 per share. SHOP stock was up more than 6 per cent in early Thursday trading and has risen more than 107 per cent over the past year.
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