There's no stopping the e-commerce freight train that has been growing at double-digit rates since the invention of the internet. Shopify (SHOP) is an innovative leader in the e-commerce space that has produced fantastic growth rates. Despite this, I am bearish on SHOP stock. Shopify is a Canadian multinational e-commerce company headquartered in Ontario. The Shopify platform offers online retailers a suite of services, including payments, marketing, shipping, and customer engagement tools. The company reported that it had more than 1,700,000 businesses in approximately 175 countries using its platform. This includes over 1.6 million websites run on the Shopify platform as of 2021. The total Gross Merchandise Volume exceeded $162.
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