Why Shopify Stock Is Down 80% This Year
Shopify (NYSE: SHOP) investors are having a brutal 2022. The e-commerce platform's stock is down roughly 80% since the start of the year and has fallen even farther from its all-time high, which came in late 2021. Much of that decline can be attributed to the wider market slump that has driven the tech-heavy Nasdaq Composite index lower by 33% this year.
But Shopify has also given investors specific reasons to be disappointed in its execution as the world emerged from the pandemic. Let's take a closer look at why the stock has fallen so hard in 2022.
Shopify has endured more than a year of quickly decelerating growth rates. In that way, it joins many other formerly high-flying stocks that were early winners as the pandemic pushed more spending into online channels.
Source Fool.com
