What Is Shopify Doing With Its $6 Billion in Cash?

Brian Withers and Toby Bordelon, The Motley Fool
·5 min read

Shopify (NYSE: SHOP) certainly benefited from coronavirus tailwinds as more consumers shopped online for everyday goods. On a Fool Live episode recorded on March 31, Fool contributors Toby Bordelon and Brian Withers discuss the details of the cash grab and what this e-commerce software specialist plans to do with its $6 billion on the balance sheet. Shopify, big news from last month is they completed a $1.5 billion secondary stock offering.