In this video, I will try to make the case as to why buying Amazon (AMZN 1.97%) over Shopify (SHOP 2.60%) makes sense right now.
- Shopify reported earnings per share (EPS) of $0.20, missing expectations of $0.65, and revenue of $1.2 billion, missing expectations of $1.24 billion. Growth has been slowing down, and it is increasing investments to further grow its fulfillment network.
- Shopify announced the acquisition of Deliverr for $2.1 billion.
- The stock is down 75% year to date (YTD).
- As for Amazon, it recently announced that it will offer Prime for outside sellers.
- The company reported a $7.6 billion loss from its investment in Rivian Automotive.
- Amazon's advertising side grew 23% year over year (YOY) to $7.87 billion, which means it is bigger than YouTube, and there are no signs of it slowing down.
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*Stock prices used were the closing prices of May 9, 2022. The video was published on May 10, 2022.
