What makes a company great? I think by most rational business metrics (top line revenue growth, gross margins, operating margins, cash flow, balance sheet), Sh

What makes a company great? I think by most rational business metrics (top line revenue growth, gross margins, operating margins, cash flow, balance sheet), Shopify in 2025 is a fantastic business that seems to only be getting better? This is notably different from an analysis of whatever the market price for its equity is or has been. I think that market price is ~40% overvalued today and it’s been much more overvalued than that in the past… but the fundamentals of the business have never been stronger. In what way is it getting killed? To force a comparison within the sector, is Amazon not a great company? Market price point aside, it’s arguably more politically charged and less aspirational engineering culture-wise. But I think I’d still call it a great company, same as Shopify.