Did you buy at the pandemic highs and now your stock is in the red? What to do now.
Shopify's (NYSE: SHOP) stock journey over the past few years has mirrored the journeys of many other big-name, younger tech companies. Regardless of the roller-coaster ride, there's no doubt that Shopify has made some millionaires along the way. A $40,000 investment in Shopify at its May 2015 initial public offering (IPO) would be worth just under $1.1 million today.
Shopify went public in 2015 and has rewarded shareholders with returns in excess of 2,600%. The company helps millions of merchants build out an e-commerce presence, which has resulted in hundreds of millions of people buying from Shopify merchants annually. Shopify's place in the e-commerce ecosystem is important and won't be going away for the foreseeable future.