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Amazon and Shopify Become Besties

Former adversaries Amazon and Shopify are now working closely together.

By Travis Hoium – Sep 8, 2023 at 6:09AM EST

Amazon (AMZN +2.67%) is now partnering with Shopify (SHOP +2.98%) to make Prime a shipping option for retailers. In this video, Travis Hoium covers why these companies are working together and why it could be a win for everyone. 

*Stock prices used were end-of-day prices of Sept. 3, 2023. The video was published on Sept. 5, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Shopify. The Motley Fool has positions in and recommends Amazon.com, FedEx, and Shopify. The Motley Fool recommends United Parcel Service. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

Amazon Stock Quote
Amazon
NASDAQ: AMZN
$205.84
(+2.43%)+$4.89
United Parcel Service Stock Quote
United Parcel Service
NYSE: UPS
$96.92
(+2.08%)+$1.97
FedEx Stock Quote
FedEx
NYSE: FDX
$346.40
(+1.36%)+$4.64
Shopify Stock Quote
Shopify
NASDAQ: SHOP
$114.64
(+2.57%)+$2.87

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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