Shopify's 600,000 Online Merchants: Too Many For Our Planet [Seeking Alpha]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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US:NYSE Investor Relations:
investors.shopify.com/home/default.aspx
Company Research
Source: Seeking Alpha
Summary Shopify (NYSE: SHOP ) claims to have over 600,000 online merchants , the vast majority of which are smaller online stores. While this number may be correct as of today, it is not sustainable for the long term, and this number is bound to drop significantly. This article looks more into the macro side of the number of smaller online stores that our planet can sustain and comes to the conclusion that the number of Shopify customers is unrealistic for the medium/long term. What prompted this analysis? With the rise in Shopify's price, and the many positive comments about the company's future prospects from some commentators and analysts, I started to review my position and objectively assess whether my short position is justifiable or not. The analysis that I conducted initially, literally on the back of an envelope, indicated to me that the number of Shopify customers is questionable and not sustainable for the long term. This prompted me to conduct fur
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SHOP
News
- Why the Market Dipped But Shopify (SHOP) Gained Today [Yahoo! Finance]Yahoo! Finance
- Tech industry warns capital gains proposals could cause ‘irreparable harm’ [Investment Executive - News]Investment Executive - News
- Shopify Inc. (NYSE: SHOP) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Canadian Businesses Say Tax Hike Risks Deeper Productivity Slump [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Canadian Businesses Say Tax Hike Risks Deeper Productivity Slump [BNN Bloomberg (Canada)]BNN Bloomberg
SHOP
Earnings
- 2/13/24 - Beat
SHOP
Sec Filings
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- SHOP's page on the SEC website