Much of it is, I think, because of the Shop app. It focused first on being a hub to manage all of your shipments, regardless of merchant. Pretty cool. But now they’re adding a shopping component to it. So, millions of people by from tons of different stores that are on the Shopify platform, without necessarily realizing they’re interacting with Shopify. The Shop app could unify that, so you as a shopper could more easily find different stores and different products, ideally personalized to you, without creating multiple merchant accounts or digging through your email to find tracking numbers to figure out where your order is. Shopify is a brilliant company.
Their executive tweeted that they are seeing Black Friday kind of volumes
And that isn't even the half of it.
Because stonks always go up 📈📈📈📈
Glad I threw my hat in the ring earlier this year when it was down. Already 2X my investment.
I wanted to invest in them in 2016 but I had like $3000 to my name. Bummer.
You’d be up 3000% or 30x investment.
Because people shop online when all the stores are closed
50x revenue/ price is a bit ridiculous though
Tesla trades higher, but it has much more of a competitive advantage over others and larder barriers to entry.
Tesla isn't trading higher than 50x REVENUE/ price. I have never seen ANYTHING trade 50x revenue. We're not talking earnings...
I think people are underestimating how Amazon's stumbles right now on the supply chain side (long wait times, difficult to rise in ranks if you're new, etc) are driving retailers _and_ customers to alternate channels, which is making Shopify explode right now. Shopping local = faster fulfilment.
It’s not JUST the supply chain and shipping. Shopping on Amazon is generally a shit experience, and tries to accommodate a billion different products in 1-2 PDP UI’s. Shopify lets merchants build much more customizable sites. Amazon knows they struggle with specialty type products but they’re too big and clunky to change. Shopify has some weaknesses but I imagine you’ll figure it out.
Shopify is in one of the best secular growth positions in the market. They’re also being pumped by other tech cos that are worried about amazon as well as retailers. Expect continued outperformance on a flat to up market
Shopify can emerge as an alternate marketplace to Amazon. Brick and mortar will eventually die and start moving here. But it’s quite expensive at this price for me. Would not short though
I am surprised why/how FB is not taking a bigger portion in e-commerce
Well there you go @naduruk
bubble