Shopify Overtakes eBay as Second Biggest Shopping Site After Amazon

Post by mtgx » Tue, Sep 17, 2019, 6:15 AM UTC

dawnerd wrote: post #22

gkoberger wrote: post #19

Earlier quoted context omitted.

Well, Amazon/Ebay/Shopify/Etsy all are platforms that let other people sell things. I get your point (and might even agree with you), however if you look at it from the perspective of "I want to sell something... where do I go?", they're competition. They do discovery, checkout, inventory, fulfillment, etc. It just happens to have a slightly different approach than the others.

Not really the same thing though, Amazon/eBay/Etsy you can browse multiple "stores". Shopify is just a platform so it really isn't that fair. It'd be like including every single Magento powered site to say Magento is the X largest platform.

Post by Kiro » Tue, Sep 17, 2019, 6:24 AM UTC

jonknee wrote: post #55

palebluedot wrote: post #45

Earlier quoted context omitted.

No, the article goes on to explicitly state: Data also shows the platform recently overtook competitor eBay, once a powerhouse in this space, in terms of quarterly sales.

But the link doesn't actually say that. It is also talking about market cap. From the Financial Times article: > The stock has climbed more than 150 per cent since the beginning of 2019, making Shopify more valuable than well-known internet companies including Twitter, Square and Spotify. Its market capitalisation — now more than $40bn — surpassed that of ecommerce pioneer eBay earlier this year. It's all rather sill…

Post by james_s_tayler » Tue, Sep 17, 2019, 7:04 AM UTC

paulpauper wrote: post #32

Shopify seems like something that should have been done 15 years ago. It is just a website that allows anyone to set up a digital storefront for a monthly fee. The fee part is the most lucrative. Most people set up the store and sell little or nothing and forget to cancel , so Shopify keeps printing $ from the recurring subs, much like AOL does.

Post by jaziek » Tue, Sep 17, 2019, 8:47 AM UTC

Axsuul wrote: post #74

alphadog wrote: post #11

Shopify isn't a homogeneous marketplace that is comparable to Amazon.com. It's a SaaS ecommerce platform. I've seen these comparisons made lately and I don't understand it. What am I missing?

For everyone that's trying to compare Shopify to marketplaces like eBay and Amazon, you really can't. They are apples to oranges. Shopify is an e-commerce platform that gives you your own website where you’re required to do your own marketing, SEO, and develop your own customer base. Selling on eBay and Amazon on the other hand gives you the advantage of putting your products in front of millions of customers who are…

Post by thaumasiotes » Tue, Sep 17, 2019, 4:03 PM UTC

Kiro wrote: post #73

jonknee wrote: post #55

Earlier quoted context omitted.

But the link doesn't actually say that. It is also talking about market cap. From the Financial Times article: > The stock has climbed more than 150 per cent since the beginning of 2019, making Shopify more valuable than well-known internet companies including Twitter, Square and Spotify. Its market capitalisation — now more than $40bn — surpassed that of ecommerce pioneer eBay earlier this year. It's all rather sill…

Amazon and eBay are also selling shovels.