Wix and Squarespace Are Expanding Into E-Commerce but Shopify Isn't Worried
Both Wix.com (NASDAQ: WIX) and Squarespace (NYSE: SQSP) have thrived for years by offering consumers website-building software. Wix's is designed to be very easy to use, whereas Squarespace focuses more on making the websites visually appealing. However, Wix and Squarespace are relying on e-commerce sites more and more for growth. And that might appear to put them at odds with the 800 pound gorilla in the space: Shopify (NYSE: SHOP).
In this video clip from Motley Fool Backstage Pass, recorded on Oct. 8, Fool contributor Jason Hall points out to Millionacres editor Deidre Woollard that Shopify has built-in integrations with both Wix and Squarespace, indicating that Shopify isn't worried at all with these players moving in on its turf.
Source Fool.com
