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Fairly certain GP referred to the market cap, not the number of businesses on Shopify's platform.
by shwoopdiwoop 6y ago
Fairly 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.