Shopify (NYSE: SHOP) benefits from the continued transition by business to an online presence. The trend is accelerating, and the cloud-based, e-commerce platform is on a hyper-growth trajectory that not even the pandemic could disrupt.
While the rate of growth may have eased up after last year's meteoric spurt as locked-down individuals launched their own start-ups at a record pace, expansion is reverting to a more normalized and sustainable pace for the long term .
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For further details see:
Will Shopify Be a Trillion-Dollar Stock by 2040?