News Summary

Shopify, the Ottawa-based e-commerce giant, reported a record-breaking Black Friday and Cyber Monday (BFCM) performance, with merchants on its platform generating $14.6 billion USD in sales. This marks a 27 percent increase compared to 2024. Despite a partial service outage on Cyber Monday, which affected merchants’ access to store backends and point-of-sale systems, Shopify managed to mitigate these issues swiftly. The top-selling products during this period included cosmetics, activewear, and fitness products. Shopify’s stock experienced a temporary dip due to the outage but recovered shortly after. The company, which recently faced layoffs and a C-suite shakeup, has forecasted continued revenue growth in the upcoming quarter.