“At the start of COVID, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. “I view layoffs as a last resort,” Meta CEO Mark Zuckerberg wrote in a message to employees. But I think the market isn’t fully appreciating the strength of their competitive position.”Ĭhauvet, who replaced Lightspeed founder Dax Dasilva as CEO in February, and president Jean-David Saint-Martin said they believe that if they stick to their three-part plan - consolidating their acquisitions under one cohesive brand, implementing their payments business and narrowing their focus to established small- and medium-sized businesses - profitability will naturally follow. “I’d say there is a disconnect in the performance of the business and the stock,” said Moschopoulos, adding that he expects Lightspeed’s stock to outperform the market over the next year. Thanos Moschopoulos, an analyst at BMO Capital Markets who follows Lightspeed, said Chauvet might have a point. Lightspeed’s share price is “a short-term reflection of a market where interest rates are through the roof and yields are very far from what they were,” said Chauvet, and “is no way a reflection of our performance.” Meta and Shopify are both down about 70 per cent from January, and the tech-heavy Nasdaq composite index is down 30 per cent on the year. Pouring money into hiring may seem a counterintuitive choice for Lightspeed, whose share price is down about 60 per cent this year.īut Chauvet said his company is being unfairly punished by an indiscriminate move away from tech stocks, as they look like riskier bets amid higher interest rates and worries about a recession. “Our recruiters spend their time saying: ‘Yeah! Facebook just downsized!’ … Let’s go and try and recruit the best people there.” “We’re spending a fortune on hiring,” said Chauvet. The company isn’t feeling the strain as acutely as “pure digital” players such as Meta, said Chauvet, because Lightspeed serves brick-and-mortar companies. Not Lightspeed, which provides point-of-sale and e-commerce software to hotels and retailers. Stock DIMS Light Speed 5’3″ x 19 x 2.This advertisement has not loaded yet, but your article continues below. The construction also seemed to be a bit more resilient, meaning less pressure dents, saving the board for more epic rides. Noel said “the 5’4” in Black Sheep had more drive through turns (1” longer) and the construction feels a little more explosive in the lip…. Noel and Asa agree the Light Speed tech offers a bit more pop in the pool compared to a normal PU/Poly. Noel said, “the 5’3” offers quicker pivot and it’s easier to put the board where I want quickly due to it being shorter.” Noel and Asa, both agree the 5’3” in Light Speed was a bit short in the pool and it needed a little more rail line to have more drive off the bottom. Both boards felt great, but what’s the difference? Watch as Noel and Asa put the board through the paces. In this episode, Noel compares the Black Sheep VS the Light Speed board construction on the RNF 96 at Waco Surf.
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