The Peak Daily

Shopify Sours 📉— Shopify’s sales price tanks after a warning to investors. Crypto could threaten the stability of the global financial system. Google announced plans to modify how apps track users in Android.


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Despite exceeding analysts expectations, Shopify’s stock dropped 20% yesterday after warning that revenue growth would slow in 2022 as the pandemic-era e-commerce boom ends. A new report released by the Financial Stability Board (FSB) says crypto assets, especially stablecoins, could present a significant risk for markets and calls for more regulatory oversight. Google has announced plans to overhaul app tracking on Android devices — the mobile operating system used by 70% of the world. And advertisers are worried this could hit their bottom line.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

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