SHOP is weaving their web through the commerce enablement world with:
1) their direct in-house solutions
2) their massive 3rd party developer ecosystem who they charge ZERO% to $1 Mil/year in revenue, which turbo charges innovation & incentivizes developers to steer a tidal wave of the best merchants to SHOP.
3) their investments into many such companies like Stripe, who indirectly helps Shopify reach much further through the commerce world, builds their moat, causes their competitors to use them indirectly, and probably gives Shopify a voice with those companies about innovating solutions together, kind of like an activist shareholder.
4) they are building majority ownership into many standalone companies that help them offer solutions directly to their competitors customers….like 6 River Systems (the likes of Lockheed Martin is a 6 River Systems customers), and many more.
SHOP is crushing their so called competitors and it’s funny Amazon is a customer of a Shopify partially owned business. $Shopify(SHOP)$
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