While Shopify is a well-run company with a strong balance sheet and respectable growth, its valuation makes the hyper bubbles of the Dot Com era look cheap.
Lost $125 million on $1.578 billion revenue in FY19. With a market cap of $89.25 billion, this represents a mind-blowing 56.5 years of trailing revenue.
Growth has been slowing by nearly 20% with losses increasing over 60% per year since IPO. It has also pulled guidance and diverted resources away from growth.
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Shopify Is Enjoying a Big Moment and Hoping It Will Last
Starbucks Gives SHOP Stock an Early Birthday Present | InvestorPlace
Starbucks (NASDAQ: SBUX ) announced June 10 that it is closing 400 stores in the U.S. and Canada as part of its plan to transition to “convenience-led formats” that reflect changes in the way consumers are shopping during the novel coronavirus pandemic. For Shopify (NYSE: SHOP ), this is a significant win. If you own SHOP stock, you can expect more gains in the months and years ahead.
ClearSale Unveils Updated Shopify App to Give E-Commerce Merchants Cutting-Edge Fraud Protection
The update to the application is timely, with reports suggesting that U.S. retailers have seen as much as a 68% year-over-year growth in online sales as a result of the COVID-19 pandemic protections. ClearSale's service leverages a team of experienced fraud analysts in conjunction with proprietary machine learning algorithms to identify fraud. ClearSale's inclusion of human expertise is crucial as the face of the online retail shopper has changed significantly during the pandemic.
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ClearSale Updates Shopify App to Give Merchants Better Payment Fraud Protection
The public app ensures that the ClearSale app has been through the Shopify review process and provides ecommerce merchants protection from fraud, chargebacks and false positive declines.
The update to the application is timely, with reports suggesting that U.S. retailers have seen as much as a 68% year-over-year growth in online sales as a result of the COVID-19 pandemic protections.
Bloomberg - Are you a robot?
CDP to host free 'Shopify' workshop for local businesses - News - Wicked Local Cape Cod
EASTHAM — The Community Development Partnership on June 24 will host a free “Shopify for Small Business” workshop, 5:30 to 7 p.m. on Zoom.
The workshop will help business owners and their staff learn how to set up and launch an online store using Shopify. The workshop will include a discussion about products, inventory, taxes, shipping, fulfillment, and more. Chris O’Brien, founder of the Cape-based web design studio Dative, will lead the training session.
Migrating From Magento To Shopify | The Realtime Report
Taking the decision to migrate Magento to a more profitable platform with better features like Shopify, represents adapting to an online business with clear and objective options, achieving totally fantastic and real profits.
Shopify continues to be an innovative platform, always having new updates adaptable to business shops, making the balance of all users leaning towards its use as an e-commerce.
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