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1 Big Strategic Bet by Shopify That Went Wrong

TheMotleyFool

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1 Big Strategic Bet by Shopify That Went Wrong: https://g.foolcdn.com/editorial/images/694685/gettyimages-1287493691.jpg

Shopify (NYSE: SHOP) was among the best-performing stocks immediately after COVID-19 hit in March 2020. At one point, the company could do no wrong as the pandemic significantly accelerated trends that management had made big bets on.

But in a massive reversal of fortunes, the company has recently fallen on hard times, and you might wonder what is going on with Shopify. Here's one big bet that failed to pay off.

Image source: Getty Images

Source Fool.com

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