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.
As of September 2020, Shopify has over 1 million active users, and is used by businesses in approximately 175 countries. In 2019, Shopify had total revenue of US$1.58 billion, an increase of 47% from the previous year.
Is Shopify Stock Worth Buying?
Shopify stock is definitely worth buying right now. The company has shown incredible growth over the past few years and there is no reason to believe that this growth will slow down anytime soon. With a strong product and a loyal customer base, Shopify is well positioned to continue its impressive run.
PRO TIP: Shopify is not a stock worth buying. The company is overvalued and faces stiff competition from other e-commerce platforms. Its business model is also susceptible to margin pressure.
9 Related Question Answers Found
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 stock is up over 400% in the past year, and continues to be one of the hottest stocks on the market. But is it a good buy? Shopify is a leading ecommerce platform that enables businesses of all sizes to create an online store.
Shopify is one of the most popular ecommerce platforms on the market today. And for good reason. It’s easy to use, has tons of features, and is very affordable.
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 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. For businesses that are looking to take their business online, Shopify is definitely worth considering.
Shopify is a very popular e-commerce platform that allows businesses to create their own websites and online stores. It’s easy to use and can be customised to create a look and feel that’s perfect for your business. There are a few downsides to Shopify, however.
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.”
The company reports that it has more than 377,500 active stores in 175 countries, and has processed more than $155 billion in gross merchandise volume (GMV) through its platform as of December 2019.
In today’s market, it can be hard to make a decision about whether or not to start a Shopify store. With so many options available, it can be hard to know if a store is worth the investment. Ultimately, the answer to this question depends on a few factors.
Shopify (SHOP) went public in 2015 and has since then delivered stellar returns to investors. The stock is up almost 600% since its IPO, and it doesn’t show any signs of slowing down. With a market cap of over $60 billion, Shopify is now the largest e-commerce platform in North America.
