Shopify is the leading E-commerce platform in the United States with 23% market share, and has become the second largest platform in terms of total merchandise volume, surpassing Ebay in September 2019 and just behind Amazon--Amazon had $141 B of online store sales last year compared to 61 B of Shopify. But Shopify grew at 49% compared to Amazon's 15% . The company's stock is up more than 20 times its IPO price.

Run by Tobius Lutke, the company CEO, and Harley Finkelstein, the COO, Shopify continues to grow by offering a compelling reason to merchants and customers to use its platform. The company allows customers to create their own storefronts, manages payments, and shipping behind the scenes.

Shopify has, also, been getting into drop-shipping with Oberlo and fulfilment centers with 6 River Systems to improve its customer experience. It also uses artificial intelligent in its warehouses to manage inventory. Shopify sells its own chip and card readers as well, and is working hard to democratize commerce for everyone.

#Shopify #WhatIsShopify #TobiusLutke

Patreon:   / themarketisopen  
Twitter:   / themarketisopen  

The Best Stock Market Website on the Internet: https://themarketisopen.com

Rise & Fall Videos:
KraftHeinz    • The History of Kraft Heinz  
Disney    • The Rise of Disney - How Disney Actua...  
General Electric    • The Fall of General Electric  
Gold    • The Rise and Fall of the Gold Standard  
Tesla & Uber    • How is Uber Bigger than Tesla?  

Disclaimer: We are not financial advisers, and nothing on this channel is meant to be financial advice. The ideas expressed on this channel are purely opinions and should not be regarded as objective information. Nothing on this channel is a recommendation to buy or sell securities. Do not assume that facts and numbers in any video are accurate. Always do your own due diligence.

1) Song from 0:00 to 3:00, Gently, Onwards, 3:27, ELPHNT, Cinematic | Calm
2) Song from 3:27 to 7:34 The Voyage, Audionautix, Cinematic | Dramatic, You're free to use this song and monetize your video, but you must include the following in your video description The Voyage by Audionautix is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/... http://audionautix.com/
3) Song from 7:51 to 10:00 Daydream Bliss3:20 SYBS Cinematic | InspirationalA Mission - Scoring
4) Song from 10:00 to 19:00, Gently, Onwards, 3:27, ELPHNT, Cinematic | Calm
5) Song from 20:00 to end, Follow The Shadows, 2:46, The 126ers, Pop | Sad