Shopify Is Becoming More Like Amazon and Less Like eBay -- and Not in a Good Way
Shopify's (NYSE: SHOP) strategy resembles Amazon's (NASDAQ: AMZN), with costly fulfillment centers, logistics, and other capital-intensive business segments. Amazon's profit margins have long trailed eBay's (NASDAQ: EBAY), though Amazon experienced better growth. Investors should be aware that this means profits could remain elusive for Shopify.
*Stock prices used were the afternoon prices of Feb. 15, 2023. The video was published on Feb. 17, 2023.
Source Fool.com