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Like Shopify, Amazon has gotten much more efficient with its spending and started expanding its profit margins. Over the last 12 months, Amazon's operating margin was close to 10%, and free cash ...
For now, Amazon remains a far larger company, boasting a market cap of over $2.2 trillion versus Shopify's market cap of approximately $140 billion. Will Shopify Stock Be Worth More Than Amazon by ...
Shopping online is more convenient than shopping in person, and this advantage will fuel industry growth in the long term.
Shopify is the name of its proprietary e-commerce platform for online stores and retail POS (point-of-sale) systems. The platform offers retailers a suite of services, including payments, marketing, shipping and customer engagement tools. [3] As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries. [4]
Amazon.com, Inc., [1] doing business as Amazon (/ ˈ æ m ə z ɒ n /, AM-ə-zon; UK also / ˈ æ m ə z ə n /, AM-ə-zən), is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. [5]
Shopify's 26% year-over-year Q3 revenue increase was faster than Amazon's 11% growth. That said, Amazon is a much larger business, diversified across retail, cloud computing , consumer technology ...