Shopify stock be like 📈

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Bought in for about 360, sold yesterday at 560 but happy with my return

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High potential, but also high valuation. Personally I think it is still worth it in the long run.

Tier 1 commerce winners in the long run: Amazon, Walmart, Shopify

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And I sold it yesterday at 496 after holding it for 2 weeks

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Thoughts on the long run?

I think Shopify is more dependent on the economy being strong than other e-commerce retailers. Their customers don’t really sell recession-proof products. I would be cautious as unemployment rises that their growth won’t be capped. Long run, hard to say, but they should be fine once things bounce back. I’m waiting for it to stabilize a bit before buying in, too volatile right now

In the last recession it was the opposite. Millions of new unemployed finally trying out that business that they always wanted to start. It’s what got them up in the first place; can listen about it on How I Built This

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633 😳

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