About Global-E Online Ltd. - ordinary shares (GLBE)
Global-E Online Ltd is a technology company specializing in simplifying the cross-border e-commerce experience for merchants and consumers. By providing a comprehensive platform that facilitates international sales, Global-E enables retailers to easily expand their reach into global markets while offering localized shopping experiences to customers, including currency conversion, tax calculations, and shipping options tailored to specific regions. The company's solutions help to overcome the complexities associated with international transactions, allowing businesses to grow their customer base beyond domestic borders efficiently and effectively. Read More
Global-E (GLBE) shares dropped 14.60% after reporting strong Q1 results, with sales of $189.9 million (+30% Y/Y) and GMV of $1.24 billion. The company also announced a new partnership with Shopify.
All three major U.S. indices are red in Wednesday's midday trading as investors weighed President Donald Trump's proposed tariffs on auto imports, pharmaceuticals and semiconductors.
