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What Sector Is Shopify In?

Last updated on October 1, 2022 @ 7:15 pm

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.

PRO TIP: Please be aware that the question ‘What Sector Is Shopify In?’ is potentially dangerous and should not be asked lightly. The reason for this is that it can lead to a false sense of security when considering investing in Shopify.

While it is true that Shopify is in the tech sector, it is important to remember that this does not mean that it is immune to the volatility and risks associated with this sector. As such, anyone considering investing in Shopify should do their own due diligence and research before making any decisions.

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 make it available to other merchants.

Shopify is a publicly traded company on the New York Stock Exchange (NYSE) with a market capitalization of over $15 billion as of March 2019.

Shopify is in the e-commerce sector.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.