Is this Canadian multinational e-commerce company a long term buy :Shopify Inc (NYSE: SHOP) ?
Shopify Inc. (NYSE: SHOP) is a Canadian multinational company offering an e-commerce platform primarily to small and midsize businesses. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. The firm has two segments: a) Subscription solutions which allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company’s website, physical stores, pop-up stores, kiosks, social networks and Amazon and b) Merchant solutions which are add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.