Q: Hi 5i team,
How significant is WooCommerce’s strong global market share and zero-fee open-source business model as a long-term competitive threat to Shopify’s growth and valuation?
Best,
Matt
How significant is WooCommerce’s strong global market share and zero-fee open-source business model as a long-term competitive threat to Shopify’s growth and valuation?
Best,
Matt
5i Research Answer:
There will always be competition and the space SHOP operates in tends to be one with a lot of competition. We wouldn't call out WooCommerce as any sort of 'unusual' threat compared to others and SHOP is well aware of it with their own dedicated webpage of the benefits of SHOP vs Woocommerce: https://www.shopify.com/ca/compare/shopify-vs-woocommerce