The gig economy is transforming the way people work, travel and buy products. Some of the companies behind these trends are household names. Shopify (SHOP) is not one of those, but the tiny Canadian company is winning at ecommerce. Managers unveiled a slew of new products and services last Wednesday. Investors should take note. This company is on to something big. That assessment might seem laughable. Shares are up a staggering 136% this year. The market cap has climbed to $36.6 billion. In addition to making its founders billionaires, the dizzying ascent has created a cottage industry for bears. Shopify is the product of Tobias Lütke, Daniel Weinand and Scott Lake. It was only 15 years ago when the trio were trying to build an online store for Snowdevil, their snowboarding equipment business. Lütke, a German ...To read the rest of Jon Markman’s article, click here...
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