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 underlying technology to other merchants wanting to create their own online stores.
Shopify has been profitable since 2015. It reported US$272 million in revenue in Q3 2018 (US$381 million in Canadian dollars), with gross merchandise volume of US$9.6 billion (US$12.8 billion in Canadian dollars).
Shopify went public on the New York Stock Exchange (NYSE) on May 21, 2015, under the symbol “SHOP”. In March 2016, Shopify acquired Boltmade, a product development agency based in Kitchener-Waterloo. In September 2016, Shopify acquired Toronto-based software developer Tiny Hearts.
In May 2018 at Shopify’s annual Unite conference, Shopify announced their new product direction which included a new app store and an increased focus on artificial intelligence (AI). The app store offers merchants pre-vetted apps that can help them run their business more effectively while the AI focus is aimed at helping merchants better understand their customers and make better decisions about marketing and other areas of their business.
Shopify has been growing rapidly over the past few years and shows no signs of slowing down. With its recent acquisitions and new product direction, Shopify is well positioned to continue its growth trajectory and become even more successful in the years to come.
PRO TIP: There is no certain answer to this question – Shopify’s growth will largely depend on the overall health of the economy and the ecommerce industry. However, if you’re considering investing in Shopify, it’s important to be aware of the potential risks involved.
Is Shopify Going to Grow?
There’s no doubt that Shopify is a growing company. It has been profitable since 2015 and it reported US$272 million in revenue in Q3 2018.
8 Related Question Answers Found
Shopify Inc. (NYSE: SHOP) stock has been on a tear in 2020, up over 160% year-to-date. The e-commerce platform provider has seen its business soar as more and more businesses move online due to the COVID-19 pandemic. With Shopify’s platform powering many of these online stores, the company has been able to capitalize on the trend.
Shopify is one of the most popular ecommerce platforms on the market. It’s easy to use, has a lot of features, and is trusted by some of the biggest brands in the world. In the past few years, Shopify has seen incredible growth.
Shopify is an eCommerce platform that enables entrepreneurs to start their own online stores. Shopify has been growing rapidly since its inception in 2004, and it shows no signs of slowing down. In fact, Shopify is one of the fastest-growing companies in North America, and it is on track to become the largest eCommerce platform in the world.
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 reported that it had more than 377,500 active stores as of August 2019, with gross merchandise volume exceeding $41 billion.
Shopify Inc. (NYSE:SHOP) (TSE:SH) stock has risen by over 60 percent since the start of 2019. The e-commerce platform provider’s share price has been on an upward trend in recent years, as more and more businesses move online. The company’s strong financial performance in recent quarters has also helped to boost its stock price.
Shopify Inc. (NYSE: SHOP) has been one of the hottest stocks on the market over the past year. The company’s share price has more than tripled since this time last year, and it doesn’t show any signs of slowing down. With Shopify’s strong financials and growing customer base, there’s no reason to think that the stock won’t continue to rise in the future.
Shopify is a good way to make money for many reasons. First, it is a platform that enables entrepreneurs to create online stores quickly and easily. Second, Shopify takes care of hosting, payments, and security for its users.
Shopify is one of the hottest tech stocks on the market, and its share price has been on a tear in recent years. But is the stock still a good buy at its current price? Shopify is a leading e-commerce platform that enables businesses of all sizes to create an online store.
