Shopify is one of the most popular websites right now in 2020. The Canadian company has seen unprecedented growth which was further boosted by the 2020 Covid 19 pandemic.
By the day, the e-commerce platform keeps growing bigger and bigger and dwarfing its competitors along the line. Some of the competitors include:
- Square Online.
Tobias Lütke, Daniel Weinand, and Scott Lake created the Canadian company in 2006. Initially, in 2004, the plan was to create an online store for selling snowboarding items and equipment. Later in 2006, after being dissatisfied with Snowdevil (their snowboarding online store), the company was launched.
So far, it has partnered with various companies. Ranging from Amazon to Paystack and more. They have also acquired smaller companies. One of the most notable companies they bought is Oberlo.
Shopify Login and Sign Up
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Shopify Stock Price
On the 14th of April, 2015, it filed for an Initial Public Offering (IPO) on both the New York Stock Exchange and Toronto Stock Exchange. About a month later, they went public on the New York Stock Exchange (NYSE) Market with a trading price of $28. It can be identified with the trading name, SHOP.
The Shopify stock price exploded in 2020 during the pandemic which saw a surge in the stock price. The Shopify stock price rose from about $400 to an all-time high of almost $1500 in January 2021.
Shopify Net Worth and Valuation
The company is currently worth $5 billion.
David is a content writer with interests in fields like politics, tech, and finance. David has been writing since he was a little kid (only the Universe knows the exact year 😊 ). Writing has been a passion for a long time and now it is a profession for him. He is the brain behind Mafian Media, the parent company to media sites such as Zimapp.com