Shopify Draws Inspiration From Amazon
The e-commerce platform company, Shopify (NYSE: SHOP), has an amazing growth story. Since 2012, the company has grown its customer base 12 times, and its revenues 21 times, which has powered its stock to over 300% gains since its IPO. While the company has aspects of its business in common with Amazon (NASDAQ: AMZN), now it seems to have one more: The flywheel. Read on for details about how Shopify's business is creating a virtuous cycle that powers its growth for the long term.
Source: Fool.com