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Shopify president: Small businesses in America are the backbone of the economy
Shopify President Harley Finkelstein discusses how the pandemic impacted his business. The president of one business has his sights focused firmly on big success for small businesses in America — and his firm has a lot to do with it. Harley Finkelstein, who runs Shopify, told FOX Business in an interview this week, “It’s quite clear, especially post-pandemic, that small businesses are the backbone of the entire economy. They’re very, very important.” In the past few years, Finkelstein, who is based in Canada, said that the United States and indeed the world has seen that “the only constant in commerce is change — and that things are just happening so…
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Shopify Says Its Merchants Have Created Nearly 5 Million Jobs
Canadian-based global eCommerce company Shopify says its merchants contributed 5 million jobs and $444 billion in global economic activity in 2021. That’s an increase of 45{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} from 2020. Shopify merchants sold $25 billion worth of goods and services outside of their home countries. Small businesses accounted for $11 billion of the $25 billion. In the study, a small business was defined as earning less than $2.5 million in gross revenues. Every dollar spent with an independent merchant has a ripple effect, which the company calls the Shopify Effect. The Shopify Effect reveals the resilience of the millions of merchants using the platform, the entrepreneurs changing our world, and the global…
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