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Better Buy: Shopify vs. Amazon

TheMotleyFool

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Last February, I compared Shopify (NYSE: SHOP) to Amazon (NASDAQ: AMZN). I claimed Amazon's stable e-commerce and cloud businesses made it a safer investment, and that Shopify's stock was "too hot to handle."

But since I wrote that article, Shopify's stock has soared nearly 150% as Amazon's stock has advanced less than 60%. Did I underestimate the market's willingness to pay a premium for Shopify's growth? Let's take a fresh look at both e-commerce juggernauts to find out.

The last time I compared Shopify to Amazon, I didn't consider them direct competitors. However, the COVID-19 pandemic over the past year clearly highlighted Shopify's ability to disrupt Amazon's e-commerce business.

Source Fool.com

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