Why Shopify Stock Soared on Wednesday

Why Shopify Stock Soared on Wednesday

Shopify said late Tuesday that it would be raising prices for all merchants that use its platform, with monthly plan prices rising 33%, on average. For merchants on annual plans, subscription prices doubled, with the Basic, Shopify, and Advanced plans rising to $14.44, $39.44, and $147.78 per month, respectively. The $2,000 monthly cost of the Shopify Plus plan remained unchanged.