Shopify president says small business will lead the pandemic recovery in cities

  • 📰 CNBC
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Small business is emerging as a key driver in the U.S. economic rebound, Shopify President Harley Finkelstein told CNBC Tuesday.

"What we are seeing is that entrepreneurship is now part of the global recovery story," he said in a "" interview with Jim Cramer. "Small business is going to lead the charge in bringing our cities and communities back to where we were pre-pandemic."

Thousands of small businesses were forced to temporarily suspend their operations or permanently close down due to the Covid-19 pandemic. Many are still struggling to recover, even as the broader U.S. economy continues to rebound and the stock market keeps setting record highs. Finkelstein also announced earlier in the day Shopify, which hosts online stores and offers retail point-of-sale systems,. It's a part of the Canadian company's plan to beef up its client base in part by eliminating the 20% cut it takes on the first $1 million clients collect through its marketplace.

"That means that if you built an app on Shopify, your first $1 million is all yours," Finkelstein said. "That is really important because we believe in this idea of building a real ecosystem, and we want thousands — and tens of thousands — of developers building on Shopify."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Battista, Aldo, and Rémi Monasson. 'Capacity-resolution trade-off in the optimal learning of multiple low-dimensional manifolds by attractor neural networks.' Physical review letters 124.4 (2020): 048302.

Small businesses are a cancer on capitalism.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google’s ‘Cookie Extinction’ Is Delayed Until 2023—And Other Small Business Tech NewsHere are five things in technology that happened this past week and how they affect your business. Did you miss them?
Source: Forbes - 🏆 394. / 53 Read more »