Business
Shopify logo
(Pavlo Gonchar/Getty Images)
Buy buy

Shopify’s stock pops as the e-comm giant ditches the NYSE for the tech-heavy Nasdaq

The e-commerce giant will now join some of the world’s biggest tech companies.

Nia Warfield

Shares of Shopify jumped nearly 6% on Wednesday after the e-commerce platform announced plans to move its stock listing to the Nasdaq. 

Shopify powers millions of businesses worldwide, helping them build, manage, and scale online stores. The switch marks the end of nearly a decade on the New York Stock Exchange and the Toronto Stock Exchange, where Shopify first went public in 2015. Its Class A shares will be delisted from the NYSE after trading closes on Friday, March 28, and will resume on Monday, March 31, under the same ticker: SHOP.

Shopify has been on a winning spree lately. In February, the company reported Q4 profit that more than doubled and saw its biggest jump in gross merchandise volume since the pandemic. Now, Shopify joins some of the world’s biggest tech companies on Nasdaq with the potential to land a spot in the Nasdaq-100, an index tracked by billions in investor funds like Invesco QQQ Trust. Shopify shares are up nearly 29% over the past year.

More Business

See all Business
President Trump Delivers An Announcement From The Oval Office

Can pharma companies put tariff threats behind them?

Big Pharma may have gotten Trump off its back for now. But are drug prices coming down?

J. Edward Moreno7h
Brent Krott, 15, holds a hand of cards in a game called Magic the Gathering At Crossroad Games in St...

“Magic: The Gathering” is just the tip of a $1 billion digital iceberg

Hasbro’s gaming ambitions are the key to its future success

Charlie Hall10/3/25
Tom Jones
no kudos
10/3/25
Strava is suing Garmin over alleged patent infringements

Has the watchmaker strayed a little far into the fitness app’s lane?

A Garmin smartwatch seen at the shopping mall in Gdansk...
Taco Bell Restaurant

Taco Bell is named the fastest drive-thru for a fifth year, but it may have lost a human touch with AI

Though Chick-fil-A was the slowest fast-food drive-thru, it was considered the friendliest, per the latest QSR report. At the Golden Arches, however, customers weren’t lovin’ the vibe.

Millie Giles10/2/25
business
Nia Warfield

Amazon doubles down on groceries with new private-label collection, sending grocery stocks lower

Amazon on Wednesday launched Amazon Grocery, a new private-label food brand that combines its Fresh and Happy Belly lines into one collection.

The label covers more than 1,000 staples, from milk and eggs to olive oil and fresh meat, with most items priced under $5. Shares of Amazon were little changed, but grocery-selling rivals Target, Walmart, and Kroger all slipped around 2% following the announcement. Costco also slipped about 1%.

The launch highlights Amazon’s growing push into both grocery and private-label essentials as more customers trade down to cut costs. In August, the e-commerce giant added perishable groceries to same-day delivery in 1,000 cities and towns across the country.

At the same time, Amazon said shoppers purchased 15% more private-brand products in 2024 compared to the previous year across Amazon.com, Whole Foods Market, and Amazon Fresh.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.
©2025 Sherwood Media, LLC