Shopify's Growth Is Picking Back Up and It Just Partnered With 3 Tech Giants to Keep the Momentum Going

Core Insights - Shopify is a significant player in the e-commerce software industry, facilitating over $270 billion in gross merchandise volume in the last four quarters [1] - The company adopts a partnership strategy rather than a purely competitive approach, collaborating with both direct competitors and non-competitors to enhance customer options [2][3] Partnerships - Roblox: Shopify has partnered with Roblox to allow developers to sell physical products through Shopify integrations, launching in 2025. This partnership expands Shopify's audience without being competitive [4][5] - Alphabet (YouTube): Shopify has expanded its partnership with YouTube, allowing Shopify Plus and Advanced merchants to become YouTube affiliates, enhancing product visibility for content creators [6][7] - PayPal: Shopify and PayPal have strengthened their relationship, integrating branded PayPal checkout into Shopify's payment process, which aims to provide more options for customers despite being competitors [8][10] Investment Perspective - Shopify's stock has increased over 4,000% since its IPO in 2015, driven by significant growth and a strategy of forming alliances [12] - The recent partnerships with Roblox, YouTube, and PayPal indicate a continued commitment to collaboration, which is viewed positively for future growth [13]