Shopify (NYSE: SHOP) has been crushed this year, falling more than 77% in 2022 alone. Shopify helps small and medium-sized businesses (SMBs) build and grow their commerce operations by providing a suite of products that allows them to compete with larger companies. The company sells subscriptions to products, but Shopify also makes money from payment processing and currency conversion fees, meaning it gets paid in part by activity on the platform.
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