Down 80% year to date, Shopify's (NYSE: SHOP) decline has far outpaced that of the Nasdaq Composite index, which has "only" fallen 33% in the same period. Founded in 2004 and going public in 2015, Shopify is an e-commerce platform designed to help small businesses create customized online stores where they can sell items both online and in-person. It differentiates itself from large third-party online marketplaces such as Amazon by focusing on merchants instead of the end consumer. Read More...
Down 80% year to date, Shopify’s (NYSE: SHOP) decline has far outpaced that of the Nasdaq Composite index, which has “only” fallen 33% in the same period. Founded in 2004 and going public in 2015, Shopify is an e-commerce platform designed to help small businesses create customized online stores where they can sell items both online and in-person. It differentiates itself from large third-party online marketplaces such as Amazon by focusing on merchants instead of the end consumer.
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