What Is Shopify Doing With Its $6 Billion in Cash?
Shopify (NYSE: SHOP) certainly benefited from coronavirus tailwinds as more consumers shopped online for everyday goods. With the stock having doubled in the past 12 months, management took the opportunity to execute a massive capital raise. On a Fool Live episode recorded on March 31, Fool contributors Toby Bordelon and Brian Withers discuss the details of the cash grab and what this e-commerce software specialist plans to do with its $6 billion on the balance sheet.
Source Fool.com
