Funny how all those negative comments about Shopify came out after their stock crashed. Few companies achieved 60% two year revenue CAGR and their gross merchandise volume grew 16% YoY when the entire e-commerce market slowed, meaning they are taking shares from competitors. It’s a broken stock, not a broken company Disclaimer: I don’t work at Shopify Blind tax $300k
Agreed. Decent company. Run by a tech geek with high standards. Good outlook.
Looks pretty bad to me. I think a valuation of 47.5B is way too much
More signs of extreme rapid growth 🥲
How did you get this. I knew it was bad. I closed all my positions. But this graphics makes it more grimmer and clearer.
I will never call anything that’s a Ruby on Rails monolith as solid.
Are you making investment decisions based on your favourite programming languages?
If an entire company runs on garbage, I’m not about it.
What's the P/E? In this environment everything is about P/E now and any growth stock above 20 - 25 is risky.
Don't tell you made decisions by P/E in last few months
Many companies have great fundamentals and a low P/E outside of tech but it doesn’t make them safe investments. Look beyond a low P/E to make sure it’s safe. Vale is a great example of a company with great financials and amazing dividends (16.98%) but it’s not safe because it can blow up easily.
Buyer at 100
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Bag holder spotted 🤣🤣🤣 FD: I am planning to buy some shopify stock myself.