Shopify – Shady Customer Acquisition Policies, Mounting Losses and a Crazy Valuation Nov1

Posted by & filed under Investing, Technology, White Papers/ Thought Pieces.

We believe Shopify is a cash flow negative, share-minting business facing severe competition operating in the cyclical industry and having highly questionable revenue streams, all the while priced to an unattainable scenario of high margin market domination and perfect execution

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