As with many investors, I was scared into selling my SHOP shares last year, and as with all those who did, I regret the decision terribly. Shares have risen by a staggering 40% ytd. That’s because Shopify is growing rapidly. In the fourth quarter of 2017, the company reported that its revenue was up 71% from the previous year. That’s good, but what’s great is that most of this is coming from monthly recurring revenue. It’s exciting to see the company doing so well, even now that a strong competitor, Zendesk (ZEN) has emerged.
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