Shopify Crushes Earnings, Here's How to Play It Yet the stock is lower on Wednesday and the reason behind the selloff is plain to see. Stocks quotes in this article: SHOP, AMZN, WMT What a Quarter!! Uh oh. Canadian-based Shopify (SHOP) went to the tape with another outstanding quarter on Wednesday morning. First, a quick refresher for the new kids. Shopify, in a way, competes with Amazon (AMZN) and Walmart (WMT) for e-commerce dollars. Shopify sets up websites for small business owners, and partners with them to handle some of the things that are hard for small businesses to either find time to do themselves or afford adding qualified payroll to take care of... such as running digital payments and shipping. Shopify has also become involved in business lending as the pandemic has had an outsized impact on small businesses in general.