- Shopify is building the internet infrastructure.
- The company is in hyper-innovation mode as it attempts to build a full-stack e-commerce platform for merchants.
- Q1 results were rather weak, causing the stock to plummet by 15%. However, the company is sacrificing short-term profitability for long-term growth.
- Shopify has strong technology, scale, network effects, and switching costs moats that should protect it from rivals such as Amazon and WordPress.
- Valuation is starting to look attractive - I'll be looking to shop any drops.
For further details see:
Shopify: Shop The Drops