Member Brief: Horses, Buggies, and Shopping for Groceries
Shopify beat expectations in its latest earnings but its share prices sank 15% on Wednesday. Wall Street is worried that the Shopify boom, and by extension the eCommerce boom, is ending with the pandemic. Moiz Ali believes it’s a sign that Shopify has done a poor job of preparing its enterprise clientele for success. The Native deodorant founder (and prolific investor and advisor) notes Away, MVMT, Ritual, and Manscaped as DTC brands that have parted ways with Shopify. He poignantly added:
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