"I don't think we have any particular insights beyond just fellow travelers in a world of technology," Lutke said.
"I think [Lutke] was being diplomatic," said Tom Forte, an analyst at D.A. Davidson, who asked the question about Amazon during Shopify's earnings call. "I really believe Shopify is a competitor to Amazon, and in some instances, the anti-Amazon." "Shopify's ultimate mission is to enable sellers to compete more effectively with Amazon," Forte said.
, which helps store and ship products on behalf of sellers. That service is in direct competition with Amazon's Fulfilment by Amazon, a key piece of its third-party marketplace that generated $53 billion in sales last year.Amazon is the de facto leader in online retailing, with a market cap of roughly $1.6 trillion. Shopify, with a value of about $125 billion, is much smaller in size, but is starting to catch up.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I believe they do compete, specially for medium BtoC companies. amazon would prefer if you just sold thrugh their site and fulfilment centers. Shopify wants you to focus and grow tour own brand and sales funnel. But both good alternatives. What do you guys think?
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Meghan Markle and Prince Harry's new life in Los Angeles - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Harry has rejected the traditional role of Court Buffoon which the courtiers and press have forced onto “spares” in the past. William will have to earn his respect without a manufactured “foil”. And who cares? We're so beyond, 'lifestyles of the rich and kinda famous.'
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Citadel's big 2020: Strong performance across 5 strategies - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Disgusting greed
Source: BusinessInsider - 🏆 729. / 51 Read more »
Uber CEO: Labor unions driven by 'politics,' not drivers' interests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Fairness is not politics. Arguing against fairness in a For Profit = Greed. Don't get CNAInsurance & affiliates keep denying coverage sleazebags. Don't be duped by CNA Insurance just keep getting my premium payments & all these promises in their policy it's scam.I lost my home, lost my business, got disabled & filed bankruptcy.BlackLivesMatter TRUE--They don't tolerate ANY independent workers. Unions want to FORCE everyone to join unions and pay the Mobster Union Bosses
Source: BusinessInsider - 🏆 729. / 51 Read more »
How to make money from Amazon Influencer Program, affiliate commission - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon record profits driven by change in marketing and server costs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Papa John's sales soar amid pandemic, as CEO bets on long-term growth - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. People must be desperate if they're ordering PapaJohns
Source: BusinessInsider - 🏆 729. / 51 Read more »