8 ms·
100 billion? That seems like a lot of businesses per capita!
by mandelbrotwurst 6y ago
100 billion? That seems like a lot of businesses per capita!
- tgarv 6y agoI think "100 billion business" means that the business (Shopify) is valued at $100 billion. (I'm not sure if that's true, that's just how I interpreted it)
- shwoopdiwoop 6y agoFairly certain GP referred to the market cap, not the number of businesses on Shopify's platform.
- khendron 6y agoHe might be referring to Shopify GMV (Gross Merchandise Volume —the value of commerce facilitated by the platform), which is probably approaching $100B per year.
- csomar 6y agoNo shopify market cap is $100bn; which is much higher than I expected. So I looked up their revenue, which is $1.6bn and they have an income deficit. so...
- mandelbrotwurst 6y agoAh, yeah I thought it said businesses plural.
- jtsiskin 6y ago“business”, not “businesses”