Shopify Subordinate Voting Ord Shs Class A T.SHOP

Alternate Symbol(s): SHOP

Technology Information Technology Services

Shopify Inc. (Shopify) is a Canada-based global commerce company. The Company provides essential Internet infrastructure for commerce, offering tools to start, grow, market and manage a retail business of any size. It provides platforms and services that are engineered and delivers a shopping experience for consumers online, in store and everywhere in between. Its software enables merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. The Company's Shopify platform provides merchants with a single view of their business across all of their sales channels and enables them to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing, all from one integrated back office. The Shopify's platform operates across 175 countries.

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Shopify Subordinate Voting Ord Shs Class A > Undervalued?

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Comment by Anschutzon Jun 20, 2022 2:12pm

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Post# 34769292

RE:RE:RE:Undervalued?

My prediction is that Shop will be added to the historical scrap heap of failed Canadian tech stocks. Looking at the chart, the share price experienced the same excessive runup as other past Canadian tech darlings. The 10:1 stock split will be the death knell. With increased shares floating in the market, it will be easier for shorters to play their games. Bezos, Gates and others will act behind the scenes to instigate short attacks to tear it down. Same games were played against Corel, Nortel, etc. It may take a few years and there certainly will be opportunities to make money swing trading shares... but I'm very skeptical it ever attains the market cap heights of the past.

smallcaptdr wrote: Undervalued? It looks like the market is saying that its overvalued and thats why its selling off. When a stock drops from $2200 to $420 theres issues. Their doing a 10:1 share split because theres not enough volume so if its cheaper then daytraders might get involved. A 10:1 split is a double edge sword because on bad days you'll have huge volume selloff but on bullish days you'll have huge volume buying. I think a split is a great idea. JMHO (always DD)