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.
The whole market of booming - brick and mortar businesses moving online, ppl looking new revenue channels, wfh gives you time to do so. We see a growth of 100% in our business itβs crazy
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 thereβs $5tn of helicopter money doled by the fed, and there are only so many vaccine companies and FANGS to invest in our new normal
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
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Not saying they won't f it up but it makes sense from several views