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Shopify, my goodness


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2022 May 9, 8:59pm   2,529 views  26 comments

by BayArea   ➕follow (1)   💰tip   ignore  

Who rode it down from 1763 to 340?

Ouch!

« First        Comments 3 - 26 of 26        Search these comments

3   clambo   2022 May 10, 6:54am  

Shopify and the ones mentioned by BayArea deserve to go down.

Some I have never heard of.

Shopify has a product/service which competes with eBay, Amazon, Facebook, etc. Good luck with that.

Hey, maybe they can resurrect Webvan?

Guys are just trying to get back the money they forgot to invest in AAPL.

I have some shitty BABA I was stupid enough to buy, any takers?
4   gabbar   2022 May 10, 7:42am  

Patrick says

Me.

On the other hand, I bought at 38.

Great price. You make money when you buy
5   gabbar   2022 May 10, 7:43am  

clambo says
Shopify and the ones mentioned by BayArea deserve to go down.

PYPL too?
6   clambo   2022 May 10, 7:49am  

I’m not sure how immune PayPal is to competition.

When I buy some stuff online, PayPal is an option among several ways to buy the item.

eBay seems like a great racket to me; they get their cut and do absolutely no work for it.
You compose the ad, upload pictures, pack it, send it.
7   gabbar   2022 May 10, 7:56am  

clambo says
I’m not sure how immune PayPal is to competition.

You are right. But PayPal is dominant.
8   clambo   2022 May 10, 8:02am  

Of the list shown above, the only one I like is PayPal, probably because I have used it.
Normally I don’t think about stocks much at all, however I have bought a few and rolled the dice.

Personally I think it’s fun but not essential.

I think mutual funds are essential and a million bucks in them is useful but not essential.
9   HeadSet   2022 May 10, 8:57am  

clambo says
eBay seems like a great racket to me; they get their cut and do absolutely no work for it.
You compose the ad, upload pictures, pack it, send it.

Well, they give you the exposure to find a buyer, just like a realtor. If you can find a buyer on your own, you do not need Ebay or a realtor.
10   gabbar   2022 May 10, 9:03am  

HeadSet says
Well, they give you the exposure to find a buyer, just like a realtor. If you can find a buyer on your own, you do not need Ebay or a realtor.

If ebay is a racket, then the real estate brokerages are a racket too, likely much more than ebay.
11   gabbar   2022 May 10, 9:19am  

Any thoughts about GOOS?
12   Eric Holder   2022 May 10, 11:15am  

I have some SHOP and even now it shows 13% annualized gain for me. Not spectacular, but not disasterous either.
13   Hircus   2022 May 10, 10:16pm  

Why has SHOP dropped so far so fast? Is a competitor gaining ground?
14   Patrick   2022 May 10, 10:30pm  

I don't see it. SHOP still dominates websites for businesses that want to be online, and their revenue keeps rising handily.

Maybe it's because they are showing a loss lately, but lots of rapidly growing companies are forgiven for showing a loss as long as they keep growing.
15   B.A.C.A.H.   2022 May 11, 7:14am  

Patrick says
lots of rapidly growing companies are forgiven for showing a loss as long as they keep growing.

Like AMZN. And TSLA.
16   theoakman   2022 May 11, 7:16am  

BayArea says
Who rode it down from 1763 to 340?

Ouch!


I shorted it at $1200 and exited the shorts at $600
17   Eric Holder   2022 May 11, 12:27pm  

Hircus says

Why has SHOP dropped so far so fast? Is a competitor gaining ground?


Market hysterionics. First on the way up, then on the way down.
18   zzyzzx   2022 Jul 26, 9:06am  

https://finance.yahoo.com/news/tesla-apple-microsoft-peloton-all-of-tech-companies-hitting-the-brakes-on-hiring-202428628.html

Ecommerce platform Shopify (SHOP) is the latest tech company to reduce its ranks, announcing that it will cut 10% of its workforce.

Shopify Inc. (SHOP)
30.80/sh - 5.91 (-16.10%)
As of 12:05PM EDT. Market open.
19   mell   2022 Jul 26, 11:00am  

zzyzzx says

https://finance.yahoo.com/news/tesla-apple-microsoft-peloton-all-of-tech-companies-hitting-the-brakes-on-hiring-202428628.html

Ecommerce platform Shopify (SHOP) is the latest tech company to reduce its ranks, announcing that it will cut 10% of its workforce.

Shopify Inc. (SHOP)
30.80/sh - 5.91 (-16.10%)
As of 12:05PM EDT. Market open.

Yep, I'd stay away from most big tech companies for now. Long term this seems like a solid co. but xiden inflation and people going outside again to do business will keep deflating the !covid! online pump. All in all the lockdowns were just another boon to big tech while destroying mom and pop stores.
20   Patrick   2022 Oct 27, 4:28pm  

Good day for SHOP today:

21   Patrick   2022 Nov 28, 7:23pm  

https://national-conservative.com/shopify-ceo-rebukes-far-left-campaign-to-de-platform-libsoftiktok/


Shopify CEO rebukes far-left campaign to de-platform LibsofTikTok

Shopify CEO Tobi Lutke rebuked a campaign by far-left activists to pressure Shopify to de-platform LibsofTikTik. There is a LibsofTikTok Shopify store that sells t-shirts and mugs stating, “Stop Grooming Our Kids.”

Nandini Jammi is at the forefront of the online campaign to de-platform LibsofTikTok. She is a self-described “watchdog,” and co-founder of Check My Ads.

He accused Nandini Jammi of hyping a “bad faith narrative.” This prompted hundreds of hysterical replies from left-wing activists claiming Shopify supports “nazis” and “hate.”



22   Hugh_Mongous   2022 Nov 28, 8:42pm  

gabbar says

clambo says
Shopify and the ones mentioned by BayArea deserve to go down.

PYPL too?


PYPL fucked themselves when they got into crypto shit.
23   Patrick   2022 Nov 28, 11:26pm  

Tobi Lutke was not really in control of the company for a while. I'm hoping he's a legit good guy and is also cleaning house.
24   Patrick   2023 Jul 2, 3:01pm  

Seems to be on a solid upswing again:



They are basically a landlord for online businesses. So how they do depends on how the online economy does.
25   gabbar   2023 Jul 2, 3:10pm  

SHOP is recommended by Valueline
26   Patrick   2023 Jul 2, 6:42pm  

Nice to know. I think I'll hold.

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