If You Invested $1,000 in Shopify Stock During Its IPO, This Is How Much You Would Have Today
Shopify's (NYSE: SHOP) mission is "making commerce better for everyone." In its short life as a public company, the retail operating system provider has gone a long way toward achieving its lofty goal. Since its initial public offering (IPO) in 2015, Shopify has helped countless entrepreneurs build, operate, and grow their online businesses.
To help it fulfill its mission and fuel its own growth, Shopify acted quickly to strike deals with the major social media platforms. A partnership with Pinterest made Shopify the first e-commerce platform to offer small- and midsized businesses the opportunity to sell items using the image-sharing site's then-new "Buyable Pins" feature. And an agreement with Twitter allowed Shopify's merchants to be among the first to sell their products directly on the messaging app.
A deal with Meta Platforms' Facebook was an even bigger game changer. Shopify's customers gained early access to the social media titan's innovative "Buy" buttons, which let users make purchases without leaving Facebook. The two companies would later work together to provide merchants the ability to create digital storefronts, known as Facebook Shops, on the massively popular social media network.
Source Fool.com
