[2023 Group Prediction] Will more merchants choose Shop Pay (👍 Shopify) or Buy With Prime (👎 Amazon)?

Shopify is on fire.  After a post-Covid slowdown bump, Shopify has rocketed back as ecommerce overall has continued to gain more and more market share.  Even at $8+ Billion in ARR, it grew 21% last quarter.  Even more importantly, it’s projecting faster growth going forward.  Growth in “the low-to-mid twenties”.  That’s incredibly impressive at Shopify’s scale, coming up on a $10 Billion run-rate.

Now it’s not all roses and daises.  Parts of ecommerce are growing more slowly, and others from Amazon to Amex have warned of slower growth in ecommerce.  But the growth is still real and a force of nature.  And Shopify has leaned in on larger merchants and business customers to fuel growth.

https://www.wsj.com/business/retail/shopify-tops-views-and-sees-growth-accelerating-651995ff

Shopify is on fire.  After a post-Covid slowdown bump, Shopify has rocketed back as ecommerce overall has continued to gain more and more market share.  Even at $8+ Billion in ARR, it grew 21% last quarter.  Even more importantly, it’s projecting faster growth going forward.  Growth in “the low-to-mid twenties”.  That’s incredibly impressive at Shopify’s scale, coming up on a $10 Billion run-rate.  Now it’s not all roses and daises.  Parts of ecommerce are growing more slowly, and others from Amazon to Amex have warned of slower growth in ecommerce.  But the growth is still real and a force of nature.  And Shopify has leaned in on larger merchants and business customers to fuel growth.  https://www.wsj.com/business/retail/shopify-tops-views-and-sees-growth-accelerating-651995ff

Shopify projected better-than-expected sales growth for the current quarter after attracting more merchants and withstanding a shaky consumer spending environment.

Shopify Tops Views in Quarter and Sees Growth Accelerating

Nate

Impressive that Shopify seems to have improved its position so much - getting out of fulfillment and winning in payments. Good outcome for both companies IMO with stripe being the implicit big winner, and the obvious choice for either giant: 

Interesting details behind the scenes of what made the deal possible:

Heck yeah 👍👍💪

• Shopify is handling Amazon Pay transactions under new agreement
• Stripe is processing payments for both companies

https://www.theinformation.com/articles/why-shopify-has-payments-power-over-amazon?utm_campaign=Rebrand+RTSU+-+Flexp&utm_content=2812&utm_medium=email&utm_source=cio&utm_term=2002&rc=gzsl71

Heck yeah 👍👍💪  • Shopify is handling Amazon Pay transactions under new agreement • Stripe is processing payments for both companies  https://www.theinformation.com/articles/why-shopify-has-payments-power-over-amazon?utm_campaign=Rebrand+RTSU+-+Flexp&utm_content=2812&utm_medium=email&utm_source=cio&utm_term=2002&rc=gzsl71

For Amazon, providing customer checkout and delivery services to merchants that don’t sell on its site offers a tantalizing growth opportunity. But to take full advantage of it, Amazon has to figure o

Why Shopify Has Payments Power Over Amazon

All meaningful returns in life, whether in wealth, relationships, or knowledge, come from compound interest.

🤓 let’s geek out 🤓

This is the true joy in life, the being used for a purpose recognized by yourself as a mighty one; the being a force of nature instead of a feverish, selfish little clod of ailments and grievances complaining that the world will not devote itself to making you happy.

I am of the opinion that my life belongs to the whole community, and as long as I live it is my privilege to do for it whatever I can.

I want to be thoroughly used up when I die, for the harder I work the more I live. I rejoice in life for its own sake. Life is no "brief candle" for me. It is a sort of splendid torch which I have got hold of for the moment, and I want to make it burn as brightly as possible before handing it on to future generations.

George Bernard Shaw

-----

Illegitimi non carborundum

Single Malt Society 🥃

Food Porn

Tunes

DANK MEMES

Biohackers Connect

(Cool) Dev

Dilbert Classics 🖥️

Lens of Passion

Hip-Hop

Podcasts We ❤️

🖼📷Art

MEDITATION (mindfulness)

Digital Wellness 📱🧘

Mixed Martial Arts (MMA)

Artificial Intelligence

Impressive that Shopify seems to have improved its position so much - getting out of fulfillment and winning in payments. Good outcome for both companies IMO with stripe being the implicit big winner, and the obvious choice for either giant:   Interesting details behind the scenes of what made the deal possible:

D J

A group of likeminded people in The Most Important Thing are talking about this.