The smallest e-commerce entrepreneurs were among the biggest winners during the holiday weekend, according to Shopify, the e-commerce platform used by more than one million businesses around the world. Shopify merchants rang up $5.1 billion in sales from Black Friday through Cyber Monday, up 76% over last year. According to Amazon, 71,000 small and medium businesses selling on Amazon have surpassed $100,000 in sales thus far during this holiday season. Amazon did not release its total sales for the Black-Friday-Cyber Monday period, but said it is enjoying record holiday sales to date. The company, as reported in the Wall Street Journal in July, said it had 6% of e-commerce sales, compared to 37% for Amazon.

Source: Forbes December 01, 2020 17:37 UTC