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Zacks.com users have recently been watching Shopify (SHOP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Shopify (NYSE: SHOP) was already making waves as an e-commerce enabler before 2020, but it soared to new prominence at the onset of the pandemic when billions of folks were doing their best to avoid shopping in person. Shopify was there to help and benefited from the trend. Indeed, from 2012 to 2019, Shopify's sales grew from $24 million to $1.6 billion.