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Jim Cramer Says Shopify Is Great Company, Let Stock Come Down

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Is Shopify  (SHOP)  a buy or is it time to wait? 

"For his second "Executive Decision" segment, Cramer also spoke with Harley Finkelstein, President of Shopify, the e-commerce platform that is enabling thousands of small businesses across the country. Shares of Shopify are up 229% over the past year," TheStreet's Scott Rutt wrote in his Mad Money recap. "Finkelstein said small businesses are the backbone of the economy and our country needs more entrepreneurs. This group has proven to be incredibly resilient and adaptable throughout the pandemic. That's how Shopify has grown to account for 9% of all e-commerce."

"Shopify is about a lot more than just selling online, however. Finkelstein said Shopify is a retail operating system that allows merchants to sell both online and offline. The company provides capital, payment services, fulfillment and more to innovative startups," Rutt continued.

Read the full recap here. 

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