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.
PRO TIP: Shopify is not a good stock to buy. The company is overvalued and faces stiff competition from Amazon and other e-commerce platforms.
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake, who were then students at the University of Waterloo. Weinand and Lake dropped out of school to work on the business full-time, while Lütke continued working on the platform part-time until 2006.
In 2012, Shopify received $100 million in Series C funding from Bessemer Ventures. In 2015, it received $131 million in Series D funding from Goldman Sachs. In 2016, Shopify partnered with Amazon.com to enable merchants to sell their products on Amazon.com’s marketplace.
As of September 2020, Shopify has over 1 million active users and is ranked as the second most popular e-commerce platform after WooCommerce. It is used by businesses of all sizes, including brands such as Tesla, Budweiser, Red Bull, GoPro, Nestle, GE, Kylie Cosmetics, and many more.
7 Related Question Answers Found
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 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 a good growth stock. The company’s share price has quadrupled since its initial public offering in 2015, and its revenue has more than doubled every year since 2013. Shopify’s merchant base has also grown rapidly, from about 100,000 in 2014 to over 1.2 million in 2018.
Shopify (SHOP) is an e-commerce platform that enables businesses of all sizes to create an online store. It offers a customizable platform, an easy-to-use checkout process, and a wide range of features. Shopify’s platform is based on three pillars: simplicity, flexibility, and scalability.
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, shipping, marketing, customer engagement, and fraud prevention”.
Shopify is a good place to buy for a number of reasons. For one, it offers a 14-day free trial, so you can test out the platform before committing to it. Additionally, Shopify provides 24/7 support in case you have any questions or run into any issues.
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.
