The new COO Kaz Nejatian's solid background in building payments technology (see 'Management Quality' section for more details) underscores Shopify's aspirations to continue penetrating the payments solutions market through leveraging its growing merchant base. Shopify's recent corporate moves shed light on the firm's future product & growth strategies. In this article we evaluate some products that are likely to be key growth drivers going forward, the value that executive management offer merchants and shareholders, address some key concerns investors have (such as merchant growth slowdown), assess future revenue growth/ profit margin expansion potential and its current valuation. While the stock could indeed fall lower if macroeconomic conditions worsen, at these levels, a lot of pessimism has already been priced in. The recent destruction in tech stock valuations has not spared e-commerce giant Shopify ( NYSE: SHOP), which is down 84% from its peak in November 2021.
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