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DavidPro__1

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DavidPro__1

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Saturday, 10/15/2022 5:25:16 AM

Saturday, October 15, 2022 5:25:16 AM

Post# of 714
Like many stocks in 2022, e-commerce infrastructure provider Shopify (SHOP -0.69%) saw a steep fall from grace. As of this writing, shares are down 84% off their late 2021 high. While some of that can be attributed to the overall market downturn, there were also some headwinds that the company needs to get through. Shopify made investments in its distribution network in an effort to provide fast shipping for its customers. The company's acquisition of Deliver and its warehouse management system increased the amount of orders with two-day shipping from 2% to over 70%. This will help Shopify compete against Amazon's Prime shipping.
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