Shopify stock pops after company strikes 'Buy with Prime' deal with Amazon

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Shopify stock pops after company strikes 'Buy with Prime' deal with Amazon
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The agreement serves as a detente between the two companies after Shopify initially urged merchants not to use Buy with Prime, citing security risks.

Buy with Prime in April 2022. Analysts have said the program could emerge as a sizable business over time, potentially generating $3.5 billion in revenue for the company.of Shopify, which warned its merchants against using the plugin lest they risk violating Shopify's terms of service.

The Buy with Prime launch had sparked concerns inside Shopify, including the idea that the feature could capture revenue it generates from processing merchants' payments,later suggestedAs part of the deal, Buy with Prime will be accessible via Shopify's checkout service, and transactions will be processed by Shopify Payments.

 

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