Post Corona by Scott Galloway

Author:Scott Galloway [Galloway, Scott]
Language: eng
Format: epub
Publisher: Penguin Publishing Group
Published: 2020-11-24T00:00:00+00:00

Shopify. Shopify is the most impressive tech company of the last decade, and perhaps the most courageous. The Canadian firm recognized the huge white space to become the anti-Amazon Amazon. Similar to Amazon’s Pay and FBA (Fulfillment by Amazon) products, Shopify provides payment and fulfillment for third-party retailers. Unlike Amazon, however, Shopify’s CEO could honestly tell Congress it doesn’t use the data it collects from third-party retailers to inform its own competitive product sales. Shopify disrupts Amazon by offering customers the service and value of Amazon without the data and branding exploitation. The result? A $131 billion market cap, up 6 times since the beginning of 2019. Shopify has outperformed Amazon stock YTD (+250% vs. +72%).

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