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It's an interesting article, but the most interesting part to me was the Bill Gates Line article the author also wrote. [0] The distinction between a platform a

It's an interesting article, but the most interesting part to me was the Bill Gates Line article the author also wrote. [0] The distinction between a platform and an aggregator was not one that I ever considered. I'm convinced by this article that it's a useful one. Does anyone know why it is that Shopify's stock has risen by 100% over the last year? I looked it over and couldn't figure out why -- is it the 3PL Fulfillment Network this article mentions? [0] https://stratechery.com/2018/the-bill-gates-line/ https://stratechery.com/2018/the-bill-gates-line/

omouse 7y ago
They're beating earning expectations consistently: https://finance.yahoo.com/quote/SHOP/ https://finance.yahoo.com/quote/SHOP/ They're also growing and hiring more which always looks good in the books. Unfortunately, while their revenue is growing their earnings are in the negatives: 1B revenue in 2018 up from 673M in 2017, however they're -64M in earnings and -40M in earnings previous to that. Not to mention the hype stories like this: "Shopify's market share could triple within five years rivaling Amazon", https://finance.yahoo.com/news/shopify-apos-market-share-could-124900532.html https://finance.yahoo.com/news/shopify-apos-market-share-cou...
SolaceQuantum 7y ago
It's not uncommon for people to be selling artisian products on shopify, which a trend that's been increasing over time. There's a large boost towards 'natural/homemade' products towards daily consumeables, accessories, clothing, indie perfumes, beauty products, etc. At least this is my experience in several hobbyist circles I lurk in.
hackermailman 7y ago
Shopify reported 50% yearly revenue growth which helped the stock price, and gov of Canada/provinces used shopify exclusively for their online marijuana ordering starting last year too. That said their lack of net income is a problem https://www.fool.ca/2019/05/07/where-will-shopify-tsxshop-stock-be-in-5-years/ https://www.fool.ca/2019/05/07/where-will-shopify-tsxshop-st... and their hiring process is ridiculous even by modern meme hiring standards meaning it's going to get harder to hire people when they can just work for FAANG which are all opening offices, or already have offices in Canada and don't have the same very long process starting with telling a recruiter 'your life story' for over an hour.
- sushilewis 7y ago
  On the How I Built This podcast, they mentioned AllBirds uses Shopify as their platform. I just checked their site, and it looks like it's still the case.
  - paultannenbaum 7y ago
    They do, but I think they are considering moving off of Shopify. The reality is that shopify has a ridiculous amount of down time, and any high traffic store will actually be losing real revenue as a result. Just scroll their status page, they consistently have several outages a month. https://status.shopify.com/ https://status.shopify.com/
    - paultannenbaum 7y ago
      Sorry was typing on my phone and didn't clarify. I have a friend who works at Allbirds and told me they are strongly looking at migrating because of the down time issues.
- yhoiseth 7y ago
  Can you elaborate on the ridiculous hiring process?

omouse 7y ago

They're beating earning expectations consistently: https://finance.yahoo.com/quote/SHOP/ https://finance.yahoo.com/quote/SHOP/ They're also growing and hiring more which always looks good in the books. Unfortunately, while their revenue is growing their earnings are in the negatives: 1B revenue in 2018 up from 673M in 2017, however they're -64M in earnings and -40M in earnings previous to that. Not to mention the hype stories like this: "Shopify's market share could triple within five years rivaling Amazon", https://finance.yahoo.com/news/shopify-apos-market-share-could-124900532.html https://finance.yahoo.com/news/shopify-apos-market-share-cou...

SolaceQuantum 7y ago

It's not uncommon for people to be selling artisian products on shopify, which a trend that's been increasing over time. There's a large boost towards 'natural/homemade' products towards daily consumeables, accessories, clothing, indie perfumes, beauty products, etc. At least this is my experience in several hobbyist circles I lurk in.

hackermailman 7y ago

Shopify reported 50% yearly revenue growth which helped the stock price, and gov of Canada/provinces used shopify exclusively for their online marijuana ordering starting last year too. That said their lack of net income is a problem https://www.fool.ca/2019/05/07/where-will-shopify-tsxshop-stock-be-in-5-years/ https://www.fool.ca/2019/05/07/where-will-shopify-tsxshop-st... and their hiring process is ridiculous even by modern meme hiring standards meaning it's going to get harder to hire people when they can just work for FAANG which are all opening offices, or already have offices in Canada and don't have the same very long process starting with telling a recruiter 'your life story' for over an hour.

sushilewis 7y ago
On the How I Built This podcast, they mentioned AllBirds uses Shopify as their platform. I just checked their site, and it looks like it's still the case.
- paultannenbaum 7y ago
  They do, but I think they are considering moving off of Shopify. The reality is that shopify has a ridiculous amount of down time, and any high traffic store will actually be losing real revenue as a result. Just scroll their status page, they consistently have several outages a month. https://status.shopify.com/ https://status.shopify.com/
  - paultannenbaum 7y ago
    Sorry was typing on my phone and didn't clarify. I have a friend who works at Allbirds and told me they are strongly looking at migrating because of the down time issues.
yhoiseth 7y ago
Can you elaborate on the ridiculous hiring process?