Retail therapy: Which stock should tempt investors more, a Shopify coming out of a slump and giving its CEO more power, or mighty Amazon?
Shopify Inc. shareholders voted this week to change the company’s governance structure and give the company’s chief executive officer control of a plurality of Shopify’s voting power.of shareholders voted at the company’s annual general meeting to give CEO Tobias Lütke — as well as his family and affiliates — 40 per cent of the company’s voting power as long as he is heading the company or directly involved with Shopify as a consultant or board member.
“I think that Shopify is trading, quite frankly, more around where it should be now,” he told the Star. The company’s stock ballooned over the pandemic, but with values now levelled out, Romanoff said investors could see an approximately 30 per cent upside to purchasing stock with Shopify.As is the case with other tech and software companies, stock prices at e-commerce giant Amazon.com Inc. were on the decline beginning in early April, hitting a low of $104.10 on May 24.
Romanoff said that unlike Shopify, Amazon has been tested in different market cycles — especially when it comes to e-commerce. The company also benefits from the performance of its cloud computing platform AWS and its advertising business, he added.
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