SHOP Doesn’t Drop

By -

Surely the poster child for momentum plays these days is Shopify. Below I provide an arithmetic chart just to show how jaw-dropping the move is. 1999 called and wants its psychology back.

slopechart SHOP

This company, which the vast majority of the planet has never heard of, much less used, is worth 120 billion dollars.


All of which makes sense, given the veritable firehose of profits flying out of this corporate juggernaut.


My hand to God, some day people are going to look back on this day and age and shake their heads. As it is now, though, everyone is too busy making money to care.