"Over the course of one earnings release, Shopify completely shifted its investor positioning to be a balanced-growth and profitable company," William Blair analyst Matthew Pfau said. The company will now release its financial results before markets open on Thursday, May 4, 2023. If no account with that email address exists yet, one is created. It redirects users from the website to the Shopify store and seamlessly logs them in with the same email address they used to sign up for the original website. Adjusted profit was 1 cent per share, compared with expectations for a 4 cent loss. Multipass login is for store owners who have a separate website and a Shopify store. Revenue of $1.51 billion topped analysts' estimates of $1.43 billion, according to Refinitiv. Multipass login speaks to the need of merchants that maintain an existing external database of users that might also need access to Shopify. "There is sort of intentionality around discretionary spending." "We are seeing that consumers are really voting with their wallets to buy from brands they love," President Harley Finkelstein said in an interview. In order to enable Multipass, log into the Shopify store, go to the Settings page and click into the Checkout window. Meanwhile, its March quarter earnings signaled the benefits from a host of new tools that encouraged businesses from Mattel (MAT.O) to Coty (COTY.N) to integrate Shopify into their own sites, allowing the company to raise its subscription fees. shopify-multipass-demo.cs This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. Shopify had 11,600 employees and contractors as of Dec. The brX GraphQL Service tries to obtain a multipass token from Shopify Multipass API, using the account information of the current logged-in customer, the SHOPIFYMULTIPASSSECRET value configured, and a returnto URL of your Shopify storefronts checkout page for that customer. Thursday's jump was set to add about C$22 billion ($16.20 billion) to the company's market valuation, taking it to about C$103 billion. "They can have the best of both worlds – a logistics business that makes them competitive with Amazon without having to manage a business that is not core to Shopify and had been losing money," said Gil Luria, analyst at D.A. On Thursday, Shopify offloaded the logistics arm to freight forwarder Flexport in an all-stock deal. And interestingly, the multipass secret is located in the Settings. The Canadian e-commerce company had aggressively built out an order-fulfillment network in recent years on expectations that a pandemic-fueled demand boom would last, mirroring similar moves by rivals.īut that bet unraveled last year, sharpening investor scrutiny of the capital-intensive project that could weigh on earnings, and forcing the company to cut 10% of its workforce in July. It means anyone with this secret can get access to every customer in this shopify instance. May 4 (Reuters) - Shopify Inc (SHOP.TO), on Thursday posted a surprise first-quarter profit and announced plans to lay off 20% of its staff while allaying investor concerns by exiting its logistics arm, sending its shares surging about 28%.
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