Shopify - what do they do?
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Thread: Shopify - what do they do?

  1. #1
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    Shopify - what do they do?

    can someone explain to me (like i'm a 5-year old) exactly what this company does?
    i.e. please don't use words like cloud, platforms, e-commerce etc.


  2. #2
    Senior Member tygrus's Avatar
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    They grabbed a cool internet nickname and logo and are now valued at 40 billion even though nobody uses them.

  3. #3
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    They make it easy for companies to set up web-based stores. They have the code required to make the shopping carts work, the browsing for products, etc. Then the company just has to put up their logo and they're ready to go.

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  5. #4
    Senior Member My Own Advisor's Avatar
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    How's this....

    This is a company headquarted in Ottawa, that develops and provides software for companies (big and small) to use and manage their online commercial transactions.
    Hidden Content - Working on a $1 million portfolio and $30k per year from it.

  6. #5
    Senior Member Beaver101's Avatar
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    Quote Originally Posted by tygrus View Post
    They grabbed a cool internet nickname and logo and are now valued at 40 billion even though nobody uses them.
    ... $40B value? Now that's really stupefying.
    Everyone should be respected as an individual, but no one idolized.-A. Einstein

  7. #6
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    They seem to be growing very fast.

    http://ottawacitizen.com/business/lo...a-headquarters

    They've been in the news recently for hosting Trump's people.

    http://ottawacitizen.com/news/local-...-public-outcry

    added: And guns, weed and escorts.

    http://ottawacitizen.com/news/nation...than-breitbart
    Last edited by Parkuser; 2017-05-02 at 02:34 PM.

  8. #7
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    They allow a lot of smaller merchants to get on to Amazon's website very easily.
    They're revenue is growing at something like 70%/yr. Still not profitable, but that's pretty common for these new tech companies.
    It's probably not worth 40B, but certainly several billion.

  9. #8
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    They're closing in on a revenue run rate of $500 million a year - this isn't a startup. It's valued at > $10B, or twenty times revenue. It still can't turn an operating profit. Growth seems like it was >100%/yr but now is closer to 70-80%/yr. It seems crazy expensive but keeps going up, so I wouldn't listen to me.

  10. #9
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    ...where's that "why i hate the stock market " thread?
    I buy WEED when I see there sales are up like, a gazillion % - the stock tanks!
    I dont buy SHOP and i see all they've done is managed to shave a few $$ off millions of LOSSES - stock's up 8% !
    oh....and i see HCG is up 11% today !

  11. #10
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    Quote Originally Posted by jargey3000 View Post
    ...where's that "why i hate the stock market " thread?
    I buy WEED when I see there sales are up like, a gazillion % - the stock tanks!
    I dont buy SHOP and i see all they've done is managed to shave a few $$ off millions of LOSSES - stock's up 8% !
    oh....and i see HCG is up 11% today !
    Yep
    It's always the ones we own that go DOWN (I own WEED and AMD and HCG)
    but the ones we sold kept going up (SHOP, FB, BABA, NVDA)


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