Shopify Shares Pop As Old Deal With Amazon Mistakenly Reported As New

Shopify Inc SHOP shares rose 8 percent Thursday after media sites reported an allegedly “new” partnership with Amazon.com, Inc. AMZN.

A Shopify spokesperson told Benzinga that the partnership had been public for more than a year and that the companies made no announcement immediately prior to market activity. However, a company blogpost on January 3 highlighted the relationship and may have alerted previously unaware investors.

Following Benzinga’s report clarifying the pre-existence of the Shopify–Amazon bond, shares fell 1.4 percent to a low of $46.77.