Overall Mentions are trending at +4% QoQ and -6% YoY.
Even so, earlier this month, analysts at Jefferies were positive on the stock saying import data showed volumes for Mexican beer imports in the U.S. grew +23.8% year-over-year in March and 10.6% year-over-year in April.
Shopify’s stock price fall has been fairly sharp and more expensive than some of its e-commerce rivals. Inflation, supply chain challenges, and Apple’s privacy changes are just a few things that have impacted brands that use Shopify lately.
The company is making a business-to-business push as it aims to restart momentum.
And last week, its stock price bounced off recent lows.
With Purchase Intent Mentions trending at +12% QoQ and +36% YoY, could we see its share price begin to turn around?
Meta Platforms (META)
Despite a 7% rise Friday, Meta’s shares are still down 50% this year.
As we have spoken about previously, Meta has struggled with user retention for its virtual reality Oculus headsets...
However, one part of its business, Instagram shopping, is hitting LikeFolio all-time highs, trending +126% QoQ and +141% YoY.
Overall, Meta’s Purchase Intent Mentions are trending positively at +13% YoY.