At this point, it's no secret: E-commerce platform company Shopify (NYSE: SHOP) wants to go toe-to-toe with top competitor Amazon. In 2006, BCG published a paper explaining how growth affects top stocks.
Shopify (NYSE: SHOP) has been on a roller-coaster ride on the stock market so far in 2023, as shares of the e-commerce platform provider have pulled back since the release of its fourth-quarter 2022 results on Feb. 15. Shares of the company sank big time after the earnings report, which wasn't surprising, as Shopify needs to exceed Wall Street's growth expectations to justify its rich valuation. After all, Shopify is trading at 10.3 times sales, well above the S&P 500's price-to-sales ratio of 2.3.
TYB (Try Your Best) is built on the Avalanche blockchain and provides brands with tools to expand their customer loyalty programs.