Homepage
PR Newswire
29-07-2022, 10:46 AM
I have to say, that's not Shopify main aim, which is actually to make commerce easier and better (https://www.shopify.com.sg/about).
Just that in order to achieve this goal, online payments is an adjacent segment that they realize they have to solve for their merchants.
Their fundamental software business is profitable and has large TAM in and of itself; they do not need to usurp anyone in the pure play payment space, to succeed.
Just that in order to achieve this goal, online payments is an adjacent segment that they realize they have to solve for their merchants.
Their fundamental software business is profitable and has large TAM in and of itself; they do not need to usurp anyone in the pure play payment space, to succeed.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger