With time, Shopify (NYSE: SHOP) has the potential to be one of them. Diving into the numbers shows how much momentum the company has lost and what it can do to turn things around. The company bet -- by hiring staff and building out infrastructure -- that the pandemic permanently accelerated e-commerce by five to 10 years.
The bear market in tech stocks has changed perceptions on many levels, especially concerning valuations. Stockholders who routinely tolerated P/E ratios above 100 last year have sold off their more expensive stocks.
After years of rapid expansion, the jury is now out on Shopify (NYSE: SHOP) stock. The last I wrote about Shopify following the second-quarter report, I discussed what accounted for the company's massive $2.68 billion net loss (using GAAP, or generally accepted accounting principles) through the first half of 2022. GAAP net income or net loss doesn't really tell the true profitability of Shopify's actual operations.