Cathie Wood believes that Shopify is a key driver in the e-commerce revolution, which she predicts will increase from 15% to 50% of retail sales.
Wood highlighted that Shopify initiated the social commerce revolution, allowing social media companies to leverage e-commerce through its technological solutions.
Shopify's management is focused on growth, seeing a 30% year-over-year increase in international merchants, which aligns with Wood's bullish outlook.
Despite varying market opinions, Wood sees Shopify's innovative approach as vital for the future of e-commerce, maintaining a significant investment across multiple ETFs.
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