Shopify Subordinate Voting Ord Shs Class A SHOP

Primary Symbol: T.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 > S&P Could Drop to 3000 or much Lower

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Comment by Bookworm28on Oct 12, 2022 9:58pm

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Post# 35021235

RE:RE:RE:RE:RE:S&P Could Drop to 3000 or much Lower

It's a great trade, but a bit risky one in this environment. It wouldn't surprise me to see a drop into the $20s as some have eluded to. This market is brutal, and it's only going to get worse.

With regards to management, one thing that I'm not 100% sold on is their venture into POS systems for brick-and-mortar retailers. It's a crowded space, no pizzazz, and probably low margin. I can see it making sense for those who are wanting a physical retail presence, and those who have a physical retail presence who might be thinking about an online presence. We'll see.