Shopify Stock Is Showing Echoes of Amazon.com Circa 1999
By Editor - Sat Oct 17, 11:35 pm
As Shopify (NYSE:SHOP) continues surging, investors will look back at 2020 as a year of FOMO – the Fear of Missing Out. SHOP stock now up 170% since the beginning of the year and 3,700% since its 2015 IPO, and it’s not alone. Source: justplay1412 / Shutterstock.com Tech stocks, led by work-from-home companies, have rocketed to new heights. But with SHOP stock now trading for over 60 times sales, investors are asking themselves if it’s too late to invest. And they’re right to wonder. Lofty valuations are the basis of stock market bubbles.