Based on research, it has been recently predicted that Shopify might become as big as the popular online retail platform Amazon.com Inc. after some years, given how the company is rapidly growing and expanding.

Why Shopify might be the nest amazon

Amazon is an online platform that allows merchants and vendors to display their goods in a public market place which means that thousands of vendors share the same space, and customers shop by browsing through this marketplace and picking the products of their choice.

Unlike Amazon, Shopify gives each vendor or merchant the space to run their store and have their customers go through their products alone while in their store. It also offers customers the ability to buy whatever products they want on any platform displayed using the Shopify buy button.

Shopify gives power to brands no matter how small or big as they have plans available for any business size. It allows business owners to be in charge of their business and their stores and run things the way they prefer to. It is gradually taking away power from Amazon and giving it back to the companies, especially the small ones. On the other hand, Amazon controls how things are done on their website with very few modification opportunities. Shopify provides various tools like; Shopify payments, shipping, inventory management, etc. that make running a business more accessible and more efficient.

This platform is a highly embraced service by brick-and-mortar store owners forced to close their stores during the COVID-19 pandemic. The company offers them an online store to replace the one they had to close down. It made the stocks of the Shopify company soar as they are providing a much-needed solution to merchants all over the world.

Currently, Shopify stock is one of the most expensive stocks for e-commerce companies and is deemed a worthy investment. It is also now Canada’s most valuable company. With the amount of space and opportunities still left in the e-commerce industry, Shopify still has the avenue to grow, making it a solid competition for Amazon.

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Will a stock split be beneficial to Shopify?

With the rapidly growing rates of Shopify stock price, which has risen nearly ten folds in less than three years, it might be beneficial for the company to split its stocks. Splitting stocks involves breaking down company shares to allow investors who cannot afford one share to buy shares in smaller fractions. It will invariably open doors for more investors interested in Shopify stocks. Shopify stocks currently cost about $1,206 and are not going down anytime soon. If there’s anywhere left to go, it’s up.

Giant companies like Amazon have had stock splits three times since it became a publicly-traded company, and they are benefitting greatly from it, although they haven’t divided shares for the past twenty-two years.

» MORE: Top Shopify Competitors & Alternatives

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