Stock Track | Shopify Plummets 5.22% on Cyber Monday Due to Widespread Platform Outage

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Shopify's (SHOP) stock fell sharply by 5.22% intraday on Cyber Monday as the e-commerce platform faced a significant outage disrupting merchant transactions during one of the busiest shopping days of the year.

The company reported login issues affecting its admin and point-of-sale systems, preventing merchants from processing orders. Downdetector data showed over 4,000 outage reports at peak times, with recovery efforts underway by afternoon. The outage coincided with Adobe's forecast of a record $14.2 billion in online sales for Cyber Monday, amplifying the operational impact.

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