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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]
Shop Pay (formerly Shopify Pay) is a checkout and payment method developed by Shopify. Users add shipping and billing information to a Shop account, which enables one-click checkout on online stores that offer Shop Pay. In 2024, Shopify reported that Shop Pay had over 150 million users worldwide. [1]
Shopify's (NYSE: SHOP) stock closed at its all-time high of $169.06 on Nov. 19, 2021. That 9,845% gain from its initial public offering (IPO) on May 21, 2015 would have turned a $1,000 investment ...
Typical e-commerce transactions include the purchase of products (such as books from Amazon) or services (such as music downloads in the form of digital distribution such as the iTunes Store). [2] There are three areas of e-commerce: online retailing, electronic markets, and online auctions. E-commerce is supported by electronic business. [3]
In Lerer’s view, consumer exploded as the New York tech scene gained steam, with advances like Facebook advertising, the app store, and Shopify fueling the growth.
For Shopify, any and all e-commerce market growth stands to help its results. More importantly, it should disproportionately help its bottom line. This is a business that scales up quite well.