Alibaba (BABA), Shopify (SHOP) - The Pandemic Changed The Way We Shop — And Revolutionized The Way We Sell
In the third quarter, Shopify's merchant solutions revenue growth was up 48%. This was primarily due to small businesses and entrepreneurs joining the platform to reach customers. Why it Matters: The pandemic has changed the way people shop. Not just for now, but forever. What's more is the societal shift during the pandemic to support small businesses. Shopify has been able to steal merchants and customers from platforms such as Amazon (NASAQ: AMZN) and Alibaba (NYSE:BABA), as Shopify works on the back end. Customers don't always realize they are making their purchases on Shopify. Thi...
Source: benzinga.com