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Shopify is a long time favorite on our website. We own shopify stock since 2017 and they have exploded (bought @ $70, now they are worth about $1.400 that is about 20x). The idea is really simple. Build a website for people who know practically nothing about building websites. The boom in e-commerce and especially dropshipping (mostly chinese items send directly to your house, without a warehouse) are immensly benefitting Shopify Inc., We wrote in 2019 that when Shopify would expand to other languages the company would boom end probably be sold for a huge ammount to facebook or Google. The first part is true, we are still waiting n the second part. That is why it still is a buy on our website.
About Shopify as a commerce company, they provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and now internationally.
Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables 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. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was founded in 2004 and is headquartered in Ottawa, Canada.
Sector(s): Technology
Industry: Software—Application
Full Time Employees: 5,000
OUR OPINION AT THIS MOMENT: ” BUY “
