Shopify Is Literally Down More Than Bitcoin...
发布时间 2022-06-24 19:00:12 来源
摘要
Shopify is one of the biggest e-commerce companies in the world and we all know them as the dropshipping godfather. They’re usually the go-to place to create an online store for small businesses and they’ve cornered the dropshipping market. But despite this, Shopify isn’t doing all that great. In fact, Shopify is down 80% from their all-time highs which is a bigger loss than Bitcoin. This translates to a market cap loss of $190 billion. We could write this off as a simple consequence of a risk off-market, but Shopify is the worst-performing large-cap company in the world and this isn’t just some coincidence. Before the stock started selling off, Shopify was likely the most overvalued stock in the world boasting a PE ratio of 600 and a PS ratio of 50. On top of this, the hype surrounding dropshipping that was present at the beginning of the pandemic is no longer here. Not to mention, it doesn’t seem like Shopify will be posting sizeable profits anytime soon. This video explains the biggest shortfalls of Shopify’s business and why the company has been performing worse than even Bitcoin.
Socials:
https://www.instagram.com/hariharan.jayakumar/
Discord Community:
https://discord.gg/SJUNWNt
Timestamps:
0:00 - The State Of Shopify
1:18 - The Dropshipping Bubble
4:15 - Awful Quarters
7:03 - Fundamental Issues
9:53 - The Future Of Shopify
Resources:
https://pastebin.com/zjiYbFXM
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