2022 was a brutal year for the e-commerce industry. A slowdown in online shopping and wavering confidence in the economy sent most e-commerce stocks plunging -- including two of the top e-commerce stocks, Etsy (NASDAQ: ETSY) and Shopify (NYSE: SHOP), which fell by about 45% and 75%, respectively, last year.

With both stocks trading at discounted pricing, is now the time to invest in these leading e-commerce stocks? And if so, which stock is more worthy of your investment right now? Let's take a closer look at both stocks to see which is the better buy.

While Etsy and Shopify are online e-commerce platforms, but they operate in very different arenas.

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Source Fool.com