Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.
Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Lütke used the open source web application framework Ruby on Rails to build Snowdevil’s online store, and then launched Shopify in 2006 to offer the same technology to other retailers.
Shopify was initially written in Ruby on Rails as well, but was later rewritten in Elixir. In 2019 it represented 82 percent of gross merchandise volume (GMV) processed by all merchants using third-party platforms with $41.1 billion GMV out of $50 billion total.
Shopify has been praised for its ease of use, with some reviewers writing that setting up a new store on Shopify is easier than setting up a new WordPress site. It also offers users a wide range of customization options, which can be a pro or a con depending on the user’s needs.
Shopify has been growing rapidly since it went public in 2015, but its stock price took a hit in 2018 when it announced that it would be increasing its investment in marketing and R&D in order to sustain its high growth rate. However, Shopify’s stock price has recovered since then and is now trading at around $130 per share.
PRO TIP: Is Shopify a Good Long Term Stock?
– Caveat emptor!
– Let the buyer beware!
Overall, Shopify is a good long-term stock to buy and hold. It is a leader in the e-commerce space and is well-positioned to continue growing at a rapid pace.
7 Related Question Answers Found
Shopify is a long-term stock. The company has a solid business model, a strong management team, and a large addressable market. Shopify is also a market leader in e-commerce platforms, which is a growing industry.
Shopify (SHOP) is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify is a publicly traded company on the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSX) with the ticker symbol SHOP. As of June 2020, Shopify had a market capitalization of over $41 billion. Shopify is a leading ecommerce platform with over one million active users in 175 countries.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.
Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features. Shopify has been a popular choice for businesses since it launched in 2006.
Shopify, one of the hottest tech companies in Canada, is considering a stock split. The e-commerce platform provider is said to be mulling over the move in order to make its shares more accessible to a wider range of investors, according to sources familiar with the matter. Shopify has been on a tear lately, with its stock price more than doubling in the past year.
