In the past year, Shopify shares have moved strongly, up more than 150%. Earlier this year it surpassed eBay in terms of market capitalization and is now on track to overtake eBay in terms of merchant sales in the US.
A report published on Monday (9 September) by R.W. Baird suggests that Shopify is on track to become the second-largest e-commerce platform in the US this year in terms of merchant sales generated, behind Amazon.
Shopify is known for its software that helps merchants sell online， create e-commerce websites， and accept online payments. Shopify's current market capitalization is $40 billion, up from eBay's approximately $34 billion.
【Source text：by report】
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