The stock of BigCommerce, Inc. (NYSE: BCOM) has been dropping since the company released its quarterly earnings report on January 25th. The company reported earnings of $0.72 per share on revenue of $146 million.
This compares to earnings of $0.86 per share on revenue of $164 million in the same quarter last year.
The main reason for the stock decline is that BigCommerce is facing increasing competition from Shopify and Amazon.com. Shopify was founded in 2002 and has more than 500,000 customers.
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Amazon.com was founded in 1995 and has more than 90 million customers.
Both companies offer similar features and services to BigCommerce, and they are both expanding their businesses rapidly. As a result, BigCommerce is facing increasing competition and is likely to continue to face competition in the future.
This is why the stock of BigCommerce is dropping.
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