![]() ![]() ![]() Goldman Sachs created a non-profitable tech index last year that consisted of a number of high-flying tech stocks, such as Teladoc (NYSE: TDOC), Pinterest (NYSE: PINS) and Plug Power (NASDAQ: PLUG), but as the Federal Reserve shifts from easing to tightening, with some forecasting more than four rate hikes this year, these stocks have suffered significantly over the past six months.In 2022, it was $197 billion - up nearly fivefold in just four years.Nattakorn Maneerat/iStock via Getty Images Consider that in 2018, the year it added Venmo, its gross merchandise volume was just $41 billion. And striving to partner with megaplayers like PayPal and Amazon is likely a big reason Shopify's volume is soaring. Building business is about giving shoppers and merchants as many options as possible to drive market share and volume. If we dig a little deeper, however, it makes complete sense. Therefore, on the surface, it doesn't make sense to allow Venmo as an option. Venmo directly competes with the company's own product, Shopify Payments. Shopify faced similar scrutiny in 2018 when it decided to accept Venmo, owned by PayPal Holdings, at checkout. Shopify's history supports an optimistic perspective It's one more way that a consumer might be able to check out." Making things easier for customers can lead to more sales for merchants, and that's what Shopify should care about. ![]() As Finkelstein said: "Is it competitive? No. ![]() Simply put, Finkelstein apparently disagrees with the analyst community regarding the competitive nature of Buy with Prime. So why is Shopify building bridges to its castle instead of digging moats around it? Considering the company generated $5.6 billion in revenue in 2022, this could be a roughly $800 million problem. However, according to Madhukar, Buy with Prime is a threat to up to 14% of Shopify's revenue. ![]()
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