[On :freetrade:] Shopify - SHOP 🛒

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Shopify is a Canadiane-commerce company headquartered in Ottawa Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers of a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.”

https://en.wikipedia.org/wiki/Shopify

https://www.google.ca/finance?q=TSE:SHOP

SHOP is already available in the app

This Canadian tech shoppping firm looks mega. It’s been off my radar until the recent earnings. Small companies use it to sell stuff (see one of the charts at the bottom of this post). It’s very cool.

FT a few days ago:

…Shopify’s shares, which first listed on the New York Stock Exchange in May 2015, have been on a tear this year. The stock has climbed more than 150 per cent since the beginning of 2019, making Shopify more valuable than well-known internet companies including Twitter, Square and Spotify

“I had to remind everyone in [corporate messaging app] Slack that our share price is based on supply and demand, and is something that Wall St does,” said Mr Lütke, comparing the equity markets to sports betting.

But tech industry observers have suggested that Shopify’s move into fulfilment puts it on a collision course with Amazon itself — a battle that few ecommerce companies have fought and won. It also adds a layer of complexity to what is already a tangled relationship.

“Instagram has been the most phenomenal growth vector for small businesses,” said Mr Lütke. “It’s a great way to tell stories about products that Amazon, with its static pictures and very sanitised listings, doesn’t offer people.”

“Sometimes, I would rather have a competitor because it’s easier to run your company if you have one because you don’t have to rely so much on intrinsic motivation,” he said. “You can just point at someone and say, ‘Hey, they want us dead!’ — and that’s actually a great motivator.”

Source - https://www.ft.com/content/c72ae0f0-c036-11e9-b350-db00d509634e


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There is an Acquired FM episode about Shopify. One of their first shops was Tesla Motors! I understand Shopify still powers the Tesla store.

Shopify secondary offering 1.9m shares :thinking: