Will Shopify Be Worth More Than Amazon by 2030?
Shopify's (NYSE: SHOP) e-commerce tools enable businesses to open their own online stores, process payments, fulfill orders, and manage their own marketing campaigns without relying on massive marketplaces like Amazon (NASDAQ: AMZN).
Shopify's decentralized strategy enabled it to grow faster than Amazon over the past few years. Between 2015 and 2020, Shopify's annual revenue increased at a whopping compound annual growth rate (CAGR) of 70.2%. Amazon's revenue grew at a CAGR of 29.3% during the same period.
Shopify's stock surged 4,460% over the past five years, while Amazon's stock rose nearly 400%. Yet Shopify's market cap of $182 billion is still less than a tenth of Amazon's market cap of $1.86 trillion.
Source Fool.com
