SHOP - Jim Cramer Likes Jeff Bezos' Amazon Over Shopify But Says It 'Does An Absolutely Terrific Job...Stick By It' | Benzinga
In a recent segment of CNBC’s “Mad Money,” renowned market commentator Jim Cramer expressed his support for Shopify Inc. (NYSE:SHOP), positioning the company as a strong player in the e-commerce industry along with rival Jeff Bezos‘ Amazon.
What Happened: On Wednesday, Cramer gave a nod of approval to Shopify during the Lighting Round segment of CNBC, emphasizing its strong performance with small and medium-sized businesses and comparing it with Amazon.
"I like e-commerce. I like Amazon more than Shopify, but I think Shopify does an absolutely terrific job with small, medium-sized businesses, consumer packaged goods companies. I would stick by it."
Why It Matters: Cramer’s endorsement comes at a pivotal time for Shopify, following a tumultuous period where the company’s stock experienced a sharp decline after its Q4 ...