100 billion? That seems like a lot of businesses per capita!

shwoopdiwoop · on Sept 17, 2020

Fairly certain GP referred to the market cap, not the number of businesses on Shopify's platform.

khendron · on Sept 17, 2020

He might be referring to Shopify GMV (Gross Merchandise Volume —the value of commerce facilitated by the platform), which is probably approaching $100B per year.

csomar · on Sept 17, 2020

No shopify market cap is $100bn; which is much higher than I expected. So I looked up their revenue, which is $1.6bn and they have an income deficit. so...

mandelbrotwurst · on Sept 17, 2020

Ah, yeah I thought it said businesses plural.

tgarv · on Sept 17, 2020

I think "100 billion business" means that the business (Shopify) is valued at $100 billion. (I'm not sure if that's true, that's just how I interpreted it)

jtsiskin · on Sept 17, 2020

“business”, not “businesses”