Goes along with what WIX said the other day about their belief that their platform would fare well in an economic crisis (WIX letter to investors on 4/13: 5414c2cd-af59-4a47-a3e3-ef0b620af461.filesusr.com/ugd/9a25f2_677ae7b43b894ed5b95158302dda63c0.pdf) and they were already seeing evidence of that with the traffic/engagement they were seeing.
That if Wix was seeing increasing engagement that Shopify would likely also be. If Shopify is seeing this level of traffic, imagine what Amazon is seeing. If people aren’t in stores, they’re apparently still very much online. Stock already way off the lows of March, but in any case an interesting note that they are seeing that level of traffic now on a daily basis. E-commerce benefiting during this and likely to get a long-term boost.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.