Shopify did $61bn of GMV in 2019, up 49% in a year, but it's impossible for anyone to compete with Amazon.
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after the stock settles... and if they are proving to be reliably profitable... I think they go private...
Then they really can't compete with Amazon. How would they get the capital to compete? Just their fulfillment effort alone (which everyone else has failed at except for Amazon) will be massively capital intensive.
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don’t really think they are or can compete... they just have their own lane... heavily dependent on payments.
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Word. Amazon gets a 15% commission which they in part pay to payment processor. Shopify gets a 2.9% which they in part pay to processors. Tough spot to be in. Amazon also has a $40 monthly fee and charges ads. Good luck shop!pic.twitter.com/TIaszxQ5k9
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