3 Things About Shopify That Smart Investors Know
Shopify (NYSE: SHOP) was one of the hottest stocks during the pandemic-fueled stock market in 2020 and 2021. From the depths of March 2020 to the top in November 2021, Shopify's stock rose more than 320%.
Since then, the stock has crashed by 80% and now trades for less than it did before the pandemic despite monumental gains. Regardless, many investors are still hanging onto their shares. These intelligent investors know a few things about Shopify's future business prospects, and these insights could lead to outsized stock performance.
Shopify's two revenue streams are subscription solutions and merchant solutions. Each store owner must pay a monthly fee to utilize Shopify's service, but this only constitutes 29% of total revenue.
Source Fool.com
