Shopify Inc.'s share price jumped in Tuesday trading after the company beat earnings expectations and boosted its full-year forecast. The company faces increased competition from other online platforms that are adding direct sales options, including Instagram's limited roll-out in the quarter. The added products come as more online merchants look to open physical retail stores, said Shopify CEO Tobi Lutke on the call. He said that as merchants look to sell offline, as well as on an expanding array of platforms, Shopify is well-placed to serve its clients. "You need a unified system to run a business across multiple channels...this is something which is just enormously complicated unless the software really, really makes this easy."

Source: CBC News April 30, 2019 18:11 UTC