Shopify Archives - eResearch

Squarespace’s $6.99B Deal Signals Strong Outlook for SaaS Sector

May 13, 2024 Chris Thompson

Permira Advisers is acquiring Squarespace Inc. (NYSE: SQSP) in a $6.99 billion all-cash transaction, reflecting a premium to the market price and comps. This deal, endorsed by the board, signifies a shift for Squarespace towards enhanced strategic flexibility away from public market pressures. With an EV/Revenue multiple exceeding the mid-cap SaaS sector average, the acquisition underscores Squarespace‘s market position and growth potential. [more]

Bardown – Uber into the Top Shelf of the Liquor Cabinet with Drizzly Acquisition

February 20, 2021 Michael Lacasse

Propelled by surging eCommerce, Drizly cashes in on shuttered bars with sale to Uber. It is the second major deal in the last year for Uber after buying Postmates for $2.65 billion in 2020. [more]

Remote Workplace Technology Quarterly Update – Dropbox, Slack, and Zoom Experience a Surge in Revenue

September 12, 2020 Jay Yi

This past quarter, the COVID-19 pandemic continued to facilitate the adoption of various platforms and services for remote working, with offerings that support cloud storage, workplace communication, and video conferencing. [more]

Revenue Jumps in First Quarter for Dropbox, Slack, and Zoom

June 5, 2020 Jay Yi

As the COVID-19 pandemic continues, technology companies focused on platforms for communication and data management experienced a surge in demand as businesses announced a full shift in operations to remote environments. [more]

Impacts to Office Real-Estate Space as Twitter, Shopify, and Facebook Announce Permanent Remote Work Standards

May 24, 2020 Jay Yi

The pandemic may have slowed down demand for office spaces temporarily however, overall supply in the market maintained stability. According to Altus Group, a commercial real estate services firm, in Q1/2020, the vacancy rate in Canada dropped to 9.5% compared with 10.3% year-over-year. [more]

Facebook’s “State of Small Business” Report Paints Dire Picture

May 19, 2020 Chris Thompson

This week Facebook published a “State of Small Business” Report based on a survey of 86,000 owners, managers and workers in companies across the US with fewer than 500 employees. The report is a “sobering snapshot” of the struggles that Small Businesses are facing today amid the COVID-19 crisis. [more]

Companies Focused on Stay-at-Home Products and Services Report First Quarter Earnings

May 12, 2020 Jay Yi

Shopify, Netflix, Roku, Peloton, Etsy, and Pinterest book Y/Y revenue gains in 28%-60% range but some are still not profitable. [more]

Shopify Extends its Cannabis E-commerce Platform into U.S.

September 20, 2019 Jay Yi

On September 17, 2019, Shopify announced expansion of its cannabis e-commerce platform to allow U.S. retailers to operate online sales of hemp and hemp-derived cannabinoid (“CBD”) products. [more]