Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Will Shopify Stock Recover in 2023?

TheMotleyFool

0 0

Will Shopify Stock Recover in 2023?: https://g.foolcdn.com/editorial/images/713834/newspaper-saying-where-will-the-market-go-next.jpg

E-commerce stocks of all shapes and sizes have been taken to the woodshed in 2022. Even some of the most stable businesses in this space around the world have gotten hammered year to date. For example:

Shopify (NYSE: SHOP) continues this trend, falling 74% in 2022. The industry as a whole has struggled due to an uncertain global economy. With inflation high around the world, consumers have pulled back spending on "nice to have" goods and are instead focusing their money on necessities and consumer staples.

With 2022 quickly moving into the rearview mirror, is Shopify poised for a rebound in 2023? Let's find out.

Source Fool.com

Like: 0

SHOP

Share