Live data from Hacker News

Shopify CTO: our platform is now handling Black Friday level traffic every day

twitter.com

101–110 of 131 posts

Re: Shopify CTO: our platform is now handling Black Friday level traffic every day

#101
post #96

Strange. I'd expect less traffic from novelty type e-com sites ...

I expected the same. Colleague of mine runs a local SaaS to give restaurants an online presence, including online ordering. This week orders went up 60%...because people got their $1200.

Americans don't know how to budget and will buy stuff just because they feel like it.

Edit: I did buy a pricey swing set for my 2 toddlers. But I wanted to buy one last year was denied. This lockdown convinced my wife otherwise.

Re: Shopify CTO: our platform is now handling Black Friday level traffic every day

#102
post #5

Really? What are people buying?

A local bakery spun up an online sales site for pickup or delivery. They sell cakes but also groceries. I bought flour and raspberries from them. When I went for pickup, they had dozens of bags prepared in the window. Clearly doing good business, all online.

Re: Shopify CTO: our platform is now handling Black Friday level traffic every day

#103
post #13

I hold a pessimistic viewpoint because it's a lot more insightful to look at losses than it is gains. With so much brick-and-mortar retail shut-down, retail has to happen somewhere, so it's going to happen online. Increases in product sales online could result in net declines for the product group when you factor in the loss of B&M sales. I think the logical result here is pretty well-represented in how some public c…

I think Stitch Fix still had some open reqs last week. What did you hear?

Re: Shopify CTO: our platform is now handling Black Friday level traffic every day

#104
post #101
post #96

Strange. I'd expect less traffic from novelty type e-com sites ...

I expected the same. Colleague of mine runs a local SaaS to give restaurants an online presence, including online ordering. This week orders went up 60%...because people got their $1200. Americans don't know how to budget and will buy stuff just because they feel like it. Edit: I did buy a pricey swing set for my 2 toddlers. But I wanted to buy one last year was denied. This lockdown convinced my wife otherwise.

People have it really easy there. I'm from India and the needy are getting $10 per month.

I think its $70 per month accounting for PPP, but even then the difference is massive

Re: Shopify CTO: our platform is now handling Black Friday level traffic every day

#105
post #101

Earlier quoted context omitted.

I expected the same. Colleague of mine runs a local SaaS to give restaurants an online presence, including online ordering. This week orders went up 60%...because people got their $1200. Americans don't know how to budget and will buy stuff just because they feel like it. Edit: I did buy a pricey swing set for my 2 toddlers. But I wanted to buy one last year was denied. This lockdown convinced my wife otherwise.

People have it really easy there. I'm from India and the needy are getting $10 per month. I think its $70 per month accounting for PPP, but even then the difference is massive

Citation please. I haven't heared about it.

Re: Shopify CTO: our platform is now handling Black Friday level traffic every day

#106

Earlier quoted context omitted.

People have it really easy there. I'm from India and the needy are getting $10 per month. I think its $70 per month accounting for PPP, but even then the difference is massive

Citation please. I haven't heared about it.

Sorry not $10, more like $7

Source: https://www.bloombergquint.com/coronavirus-outbreak/not-rs-5...

>India announced a Rs 1.7 lakh crore economic relief package >ensuring cash transfers of Rs 500 a month, and food >security. However, the package is less than one percent of >the country’s GDP.

Re: Shopify CTO: our platform is now handling Black Friday level traffic every day

#107
post #89
post #29

Earlier quoted context omitted.

Amazon not only recovered their dip, but renewed their 52 week max several times already. And they don't even make much from online retail. To make matters more interesting, AWS seems to be _much_ busier than usual, and spot capacity is all but gone, at least at the price we were paying before. I'm not even sure why that is.

Amazon makes almost 50% of their annual revenue from online retail. Many billions of dollars. It's by far their biggest product category. Yes, through accounting magic, they're making the majority of their profits via AWS, but that's part of Bezos's long-term strategy and could be changed on a dime (at the potential expense of the long-term growth he's targeting). Top line, most of their business is from online retai…

Revenue doesn't matter. Profit does. Most of their profit is from AWS.

Re: Shopify CTO: our platform is now handling Black Friday level traffic every day

#108
post #40
post #18

Earlier quoted context omitted.

Same in France, most makeup brands are x2-x3, fashion is x1.5 to x6 In France there is no increase of unemployment, instead they are at home getting paid, I guess they have a lot of money to spend as they can't party or go the restaurant It is actually quite visible here : https://contentsquare.com/covid-19-ecommerce-impact-data-hub...

Only 9 million people in furlough (with gov benefits); so a third of the working population. The economic shock is going to be brutal.

Is it going to be more or less brutal than the $2 trillion in the US?

Re: Shopify CTO: our platform is now handling Black Friday level traffic every day

#109
post #107
post #89

Earlier quoted context omitted.

Amazon makes almost 50% of their annual revenue from online retail. Many billions of dollars. It's by far their biggest product category. Yes, through accounting magic, they're making the majority of their profits via AWS, but that's part of Bezos's long-term strategy and could be changed on a dime (at the potential expense of the long-term growth he's targeting). Top line, most of their business is from online retai…

Revenue doesn't matter. Profit does. Most of their profit is from AWS.

Division profits are mostly an accounting ghost.

Tomorrow they could decide to use the AWS profits for growth, and reduce the growth spending on Amazon by the same amount, and suddenly the sense of your sentence is reversed.

Re: Shopify CTO: our platform is now handling Black Friday level traffic every day

#110
post #77

Earlier quoted context omitted.

I am not being judgemental, rather trying to understand how you get fish of that size with your far-from-well-designed website (from your profile), and far-from-rich marketing contents. Is that luck? Or, your lack of time to work on your own presentation? Again, I am seriously not being judgmental, I am curious.

You aren't wrong it's been on my list forever to work on my site. FWIW some of the best media buyers I know though literally don't have websites. I've been doing Facebook ads for 9 years. My team and I are a white label agency so we do the media buying for creative shops, designers, content marketers, etc. So I didn't land any client. I partnered with the folks that did. I got the partnership by putting out a ton of…

I actually like your website

It's very direct and no nonsense

I'll get in touch with you. Let's see if we can do some work together

Post reply on HN