Why is Shopify stock just shooting up only. What are they selling? Drug?

New
cbnxmx

New

cbnxmx
May 22, 2020 13 Comments

It just keeping going going going up. Why?

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TOP 13 Comments
  • Netflix
    lizbeth

    Go to company page Netflix

    lizbeth
    The answer is Joe Rogan. So yes drugs
    May 22, 2020 3
  • Amazon
    bCIP83

    Go to company page Amazon

    bCIP83
    Shopify has been targeting the SMB level businesses for a few years with varying success. Now that stores are closed, SMBs have more incentive to sign on to Shopify to sell their goods online. Usage of Shopify goes up = Revenue goes up = typically stock price goes up.
    May 22, 2020 0
  • Wix.com / Mgmt
    Rad99

    Go to company page Wix.com Mgmt

    Rad99
    They should just buy us πŸ˜›
    May 22, 2020 2
  • Google
    Gentrified

    Go to company page Google

    Gentrified
    Investors love a good story. A quarter of offline stores and restaurants will shut. As consumers get used to online everything, platforms like Shopify will provide their real estate and services to power everything online that the next loss dreamers will conjure. Also there’s $5tn of helicopter money doled by the fed, and there are only so many vaccine companies and FANGS to invest in our new normal
    May 22, 2020 0
  • Expedia Group / Project
    djbrhruhfh

    Go to company page Expedia Group Project

    djbrhruhfh
    What if Facebook went beyond a little partnership and acquired? At $35B market cap vs $667 it's potentially swallowable and enables an ecommerce play that ties perfectly into their existing ads and especially SMB ecosystem, Facebook login plus the Shopify payment...
    Not saying they won't f it up but it makes sense from several views
    May 22, 2020 3
    • New
      pkCL18

      New

      pkCL18
      It’s a little late for that but it would have been an interesting acquisition 5 years ago
      May 22, 2020
    • New
      cbnxmx

      New

      cbnxmx
      OP
      If they acquired it 5 years ago, Shopify wouldn't be what it is today. It might have just died
      May 22, 2020