Did Amazon Just Do Shopify a Huge Favor?
Amazon (NASDAQ: AMZN) and Shopify (NYSE: SHOP) have been locked in a battle for e-commerce supremacy in North America for years.
Amazon pioneered e-commerce in the U.S., launching its website at the dawn of the World Wide Web, while Shopify came on the scene later, seizing an opportunity to provide an easy-to-use platform for e-commerce sellers.
Shopify hasn't shied away from the battle with Amazon, either. CEO Tobi Lütke regularly refers to his company as "arming the rebels," a clear reference to Amazon.
Source Fool.com
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