SHOP - Forget Shopify: This Stock Has Made Far More Millionaires
2024-04-03 06:30:00 ET
There are many similarities between Shopify (NYSE: SHOP) and Amazon (NASDAQ: AMZN) . They're both e-commerce superstars that excel at their unique businesses and lead the industry. They've both minted many millionaires and remain popular with investors.
Shopify is the newer, shiner stock, and it's gained almost 3,000% since its initial public offering . Amazon has increased about 730% at the same time, but it's gained a whopping 184,000% since going public, a figure so large it's hard to contemplate.
Newer isn't necessarily better. Amazon stock has outpaced Shopify over the past year and is up 19% so far in 2024 while Shopify stock has remained flat year to date. Shopify could still have lots of potential, but Amazon is a reliable winner with plenty of opportunity.
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Forget Shopify: This Stock Has Made Far More Millionaires