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

Post by [deleted] » Sat, Apr 18, 2020, 1:13 AM UTC

hadrien01 wrote: post #30

gamblor956 wrote: post #24

Earlier quoted context omitted.

France's unemployment numbers don't include the many contract workers that are not full time employees under French law. A lot of them are out of work right now and receiving nothing from the French government. Because French law makes it so hard to fire a full-time employee, many businesses only hire workers on a part-time basis. In contrast, most US unemployment numbers generally include all individuals seeking wor…

False, unemployment numbers include part-time and fixed-term contracts, and they've only gone up 42k compared to last year[1]. Part-time and fixed-term contracts are covered under the French partial furlough reimbursement plan. [1] https://www.lesechos.fr/economie-france/social/coronavirus-h...

Post by johncalvinyoung » Sat, Apr 18, 2020, 1:25 AM UTC

mparr4 wrote: post #49

jsonne wrote: post #44

Earlier quoted context omitted.

It's in the semi-custom home goods category. Can't get more specific than that.

I sell wall maps: https://ramblemaps.com Just started 3/22. They aren't exactly flying off the shelves. We're getting good traffic but conversion rate is very low. Would you expect a business like mine to be doing well in this climate? Since we're a new business it's hard to tell if it's our product or the market that is our problem.

Post by dragonwriter » Sat, Apr 18, 2020, 1:33 AM UTC

ben_w wrote: post #27

trimbo wrote: post #10

Earlier quoted context omitted.

> I think the general population has not yet appreciated the possible severity of the ensuing economic downturn. My fear as well. The swiftness and ferocity of this downturn is like nothing ever, AFAIK. 22 million out of work in 4 weeks. Many are unlikely to get their jobs back. So while certain companies are seeing upticks due to logistics of the lockdown, I don't think it's safe to assume it would continue long aft…

> Many are unlikely to get their jobs back. Their original job? Sounds plausible. Any job? Surely that would be a political choice for their respective governments? Unless there’s a reason we can’t repeat the famous infrastructure jobs programs from a century ago - I’m no economist, so I genuinely don’t know, but Hoover Dam Mark 2 sounds good to me.

Post by perl4ever » Sat, Apr 18, 2020, 1:44 AM UTC

gamblor956 wrote: post #84

hadrien01 wrote: post #30

Earlier quoted context omitted.

False, unemployment numbers include part-time and fixed-term contracts, and they've only gone up 42k compared to last year[1]. Part-time and fixed-term contracts are covered under the French partial furlough reimbursement plan. [1] https://www.lesechos.fr/economie-france/social/coronavirus-h...

The French numbers are more than 42,000. Under the partial furlough program, they've simply re-labeled unemployed workers to be "partially furloughed" workers rather than unemployed. Using that definition, the US COVID-related unemployment numbers aren't nearly as bad, since millions have been "furloughed" rather than "permanently laid off." The devil is in the details.

Post by jnbiche » Sat, Apr 18, 2020, 2:02 AM UTC

m0zg wrote: post #29

ssharp wrote: 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…

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.