Shopify stock rallies 7%, Meta eases on checkout economics shift
2 Sep 22 8:00 AM · 1d ago · 2 articles · 2 sources · development 2 of 2
Shopify stock surged 7% to $148.01 in Tuesday morning trading as investors rewarded the deal. Meta stock declined 0.53% to $737.30, as the market read the arrangement as Meta ceding checkout economics to a partner rather than retaining transaction value in-house. Amazon stock rose 0.58%, effectively absent from the Shopify rally.
“Teaming up with Shopify to make shopping and checkout easier in Muse. Shoppers find more. Shops sell more. More partnerships like this coming soon.”
Mark Zuckerberg, Meta CEO · techmeme ↗Meta Platforms AI platform operatorShopify E-commerce platform operator
Mark Zuckerberg Meta CEOTobias Lutke Shopify CEO
Alexandr Wang Meta Chief AI Officer
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All 2 developments of Meta's Muse AI agent integrates Shop Pay checkout, lifting… →
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