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Why Shopify Stock Soared on Wednesday
Shopify said late Tuesday that it would be raising prices for all merchants that use its platform, with monthly plan prices rising 33%, on average. For merchants on annual plans, subscription prices doubled, with the Basic, Shopify, and Advanced plans rising to $14.44, $39.44, and $147.78 per month, respectively. The $2,000 monthly cost of the Shopify Plus plan remained unchanged.
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