Why is Shopify stock shooting up πŸ“ˆ to $700?

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jesFsiws

New

jesFsiws
May 5, 2020 26 Comments

What is going on?

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TOP 26 Comments
  • 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.
    May 5, 2020 0
  • Amazon
    sp4cldfps3

    Go to company page Amazon

    sp4cldfps3
    Because stonks always go up πŸ“ˆπŸ“ˆπŸ“ˆπŸ“ˆ
    May 5, 2020 0
  • Their executive tweeted that they are seeing Black Friday kind of volumes
    May 5, 2020 1
  • Shopify
    egbighhgg

    Go to company page Shopify

    egbighhgg
    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.
    May 5, 2020 1
    • 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.
      May 5, 2020
  • LinkedIn
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    Go to company page LinkedIn

    ΰΈ§ΰΈΈΰΉˆΰΈ™ΰΈ™ΰΈ±ΰΈΰΈ£ΰΈ±ΰΈΰΉ€ΰΈ•ΰΉ‡ΰΈ‘ΰΈš
    bubble
    May 5, 2020 0