Here's Why You May Want to Avoid Shopify Stock, Even After Selling Off

Despite Shopify's solid revenue growth, the company struggles with profitability, making its $80 billion market cap seem unjustified. With high operating expenses consuming most of its gross profits and a significant net loss reported, the stock appears overpriced. This financial situation suggests potential investors might want to be cautious, especially given the stock's high valuation relative to its earnings.