Better Buy: Shopify vs. Etsy
Shopify (NYSE: SHOP) and Etsy (NASDAQ: ETSY) just posted their biggest quarters ever with the coronavirus pushing shoppers online. Stellar results have driven Etsy stock to all-time highs, and Shopify is also within 5% of its high watermark. With the pandemic changing many consumer shopping habits for good, which of these two stocks would be a better buy to take advantage of the long-term e-commerce trend? Let's find out.
Since they were founded 15 years ago, these two e-commerce platforms have grown to multi-billion dollar annual revenue businesses. Shopify hosts more than one million merchants generating sales that have surpassed eBay to become the second-leading e-commerce platform in the U.S. (behind Amazon). But Etsy is no slouch as you can see below:
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Source Fool.com
