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No, this just means that Shopify has a high stock market valuation. This isn't looking at sales figures at all. And since they just rent software to people who
by jonknee 7y ago
No, this just means that Shopify has a high stock market valuation. This isn't looking at sales figures at all.
And since they just rent software to people who sell things I'm not sure it makes sense to compare them to more traditional eCommerce plays (if you started selling homes through Shopify somehow it would hugely increase "sold goods", but not in a way that impacts anything).
- xal 7y agoThis article isn't clear about it but yes - its about the amount people sell on both platforms, not stock price. Now, is that a useful basis of comparison? It's fun fact but not much more given the difference of the platforms.