Given their massively discounted valuations, growth-oriented investors may want to consider Shopify (NYSE: SHOP), Roku (NASDAQ: ROKU), and SoFi Technologies (NASDAQ: SOFI). Brian Withers (Shopify): The average consumer hasn't heard of Shopify, but its platform enabled 597 million shoppers to buy $175 billion in goods online in 2021.
In recent months, several investor-favorite stocks have been climbing aboard the good ship stock split, but the news of these splits has taken a back seat to the historic volatility and plummeting stock market. The tech-heavy Nasdaq has fallen deep enough to be well into bear market territory, down roughly 29% from its November high, while the S&P is flirting with the bear as well closing the week down 18.7%. Just last month, Shopify (NYSE: SHOP) announced plans for a 10-for-1 stock split, after years of stellar growth had made the shares inaccessible to many retail investors.
(Bloomberg) -- Shopify Inc.’s plan to give Chief Executive Officer Tobi Lutke a special “founder share” that will preserve his voting power is being opposed by prominent shareholder advisory firm Glass Lewis & Co.Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertBroadcom in Talks to Acquire Cloud Company VMwareStocks Rise on Biden Tariff Comments; Dollar Drops: Markets WrapA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsHow an Energy Expert Triggered Vladi