Why Amazon Doesn’t Need to Worry About Shopify’s New Shop App

Shopify (NYSE: SHOP) is a rising juggernaut in e-commerce, with more than 1 million businesses using its platform to get started selling online. The stock has skyrocketed in value in just the last few years, but Shopify is still growing fast and continues to invest in new opportunities to expand its moat.

Recently, Shopify introduced its new shopping app, called Shop. It signals a change of pace for a company that has been primarily focused on helping small businesses grow online. With the Shop app, Shopify is bringing its expertise serving the merchant side to help consumers discover products and place orders for those products through Shop Pay.

It seems Shopify continues to roll out new features and services that could undermine Amazon.com (NASDAQ: AMZN). Last year, Shopify acquired 6 River Systems, a provider of cloud-based software and mobile robots that will significantly improve Shopify's fulfillment operations. 

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Source Fool.com