Amazon and Shopify Become Besties

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

NASDAQ: AMZN

Amazon

Market Cap

$1,868B

Today's Change

(3.43%) $5.95

Current Price

$179.62

Price as of April 26, 2024, 4:00 p.m. ET

Former adversaries Amazon and Shopify are now working closely together.

Amazon (AMZN 3.43%) is now partnering with Shopify (SHOP 1.11%) 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.

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.