What's Behind Shopify's 175% Surge in the Past 12 Months

What's Behind Shopify's 175% Surge in the Past 12 Months

Shopify (NYSE: SHOP) is one of the hottest stocks in tech right now, and it's showing no sign of slowing down.

In this Industry Focus: Tech segment, host Dylan Lewis is joined by analyst Michael Douglass and summer intern Ryan Reeves to explain what Shopify does, and how it makes money. Find out how the e-commerce platform brings in customers that range from small-time craft-goods makers to big brand names such as Tesla and Nestle; how CEO Tobi Lutke decided to found the company, some of the most important numbers investors should look at to track the company's progress, and more.

A full transcript follows the video.

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Source: Fool.com