Amazon (NASDAQ: AMZN) and Shopify (NYSE: SHOP) have so many differences, and yet the two have relatively similar stories of late. For instance, the two e-commerce-related businesses thrived at the pandemic's onset in 2020 when billions of folks looked to avoid shopping in person. Similarly, each has seen its stock price decline significantly amid the markets' sell-off in 2022.
And while both are taking a hit from the slowdown in e-commerce sales growth as the pandemic's impact on the economy wanes, both also stand to benefit greatly from the ongoing evolution of consumer shopping over the next couple of decades as well as from the various other ventures they are developing.
Let's compare these excellent businesses to determine a better buy for investors today.
Source Fool.com