Shopify is a well known name in the e-commerce space for Canada and USA markets. It holds the number 2 spot in market share behind Amazon. Unlike Amazon, Shopify allows for its merchants to have customizable layouts for their e-commerce shops. Shopify earns from the subscription plans a merchant signs up to join its platform and the transaction fees for sales. Verified Profitable Model Unlike most start ups which promise growth and a large market share that can be monetized, Shopify has achieved this with an e commerce market share that is number 2, behind Amazon and is profitable in monetizing its user base. It achieved profitability in 2020, registering a core earning of US$90 million. For 2021, its core profits tripled to US$268 million. Shopify's FY 2021 results How High can Profits Go? I do not have a crystal ball but I will guess. With the post COVID-19 world, it is unlikely companies i...