Shopify Merchants Reach $1,000,000,000 in Sales!
Shopify announced that their merchants have sold over $1,000,000,000 (yes 1 BILLION) in products using Shopify.
A billion dollars is an exceptionally large amount of money that can can go very far in today’s economy. But what can a billion dollars buy you? In case you missed the recent Instagram deal, $1 billion can buy you a single photo sharing app. Don’t worry, all 30 million users are included as part of the deal. With over 35,000 active online stores in almost 100 different countries around the world, Shopify has processed over 13 million orders.
Recent Billion Dollar Facts Mentions:
$50.27 billion- Total amount of U.S. e-commerce sales in the first quarter of 2012 according to Internetretailer.com.
$207 Billion- Total amount the U.S. spent on mobile shopping in 2012 according to Bizreport.com.
$5 Billion- Total amount the U.S. spent via tablets in 2012 Bizreport.com.
Microsoft paid $1 billion to AOL for 800 patents including “technology rights from AOL’s current and former businesses, ranging from Netscape, ICQ and MapQuest to CompuServe, Advertising.com and others,” according to Reuters.
Under Armor CEO, Kevin Plank has claimed billionaire status in 2012. Plank placed No. 1,075 with an estimated net worth of $1.1 billion. It marks the first year Plank has made the list.
Dart Container Corporation concluded a deal to purchase Solo Cup for a total value of $1 billion which included about $315 million in cash and $700 million in debt.
The Cleveland Browns
Randy Lerner has sold the Cleveland Browns football franchise to Jimmy Haslam in 2012 as part of a two part deal which surpassed the Billion dollar mark. Haslam will take over controlling interest of the Browns for more than $700 million. Then, in the second phase of the purchase, he will pay more than $300 million to complete the deal.
The job search website Indeed.com
Co-founders Paul Forster and Rony Kahan turned $5 million investment from Union Square Ventures, Allen & Co and The New York Times into a billion dollar operation. Indeed was founded in 2004 and has grown to 550 employees with 80 million unique monthly visitors.
According to Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management. there are 412 billionaires in America. Check out this informative infographic from the Washington Post that shows the total net worth of billionaires in emerging countries compared with their gross domestic product.
- The amount BP has pledged toward Gulf Restoration
- Soccer team Real Madrid’s Island in the UAE
- The winnings of every Powerball jackpot in 2007
- All of J.Lo’s love (it’s gratis!)
How about a $100 billion dollars?