TradingKey - E-commerce is a booming industry. During the Covid-19 pandemic, it really took off but – in reality – even before 2020 global e-commerce revenue (as a total share of retail spend) had already been growing at a fast clip.
One of the biggest companies in the e-commerce space is digital storefront provider Shopify Inc (NYSE: SHOP). The company’s software and payments processing platforms has essentially “democratised” e-commerce and allowed anyone to start their own online store.
That has seen hundreds of thousands of merchants gravitate towards Shopify’s platform. It has also resulted in Shopify stock being a massive long-term winner, with its shares up over 4,000% since its 2015 IPO.
Shopify is set to report its Q4 2024 earnings on Tuesday (11 February) before the market open and, with its stock up close to 40% in the past year, investors will be interested to see how the company