I was surprised that Flow's revenues are only $20m, which if overstated to the same degree as GLBE's are more like $6m, at which a purchase price of $500m is rich. Applying a 20% take... login to read the rest
https://www.avalara.com/us/en/about/press/category/2021/11/avalara-and-shopify-help-solve-duty-and-import-tax-for-merchants.html
Avalara is providing the D&Ts engine for Shopify's Market product.
Also on SHOP's Q3 call last week, their president confirmed the following:
Also, Samad, just to add to that, the idea here, I mentioned this earlier, but this... login to read the rest
In my conversations with both customers and competitors, GLBE is an idiot-proof means to cross border e-commerce however it is not cheap and so customers with success will churn off and those without it will also. It... login to read the rest
Thanks for the question, and apologies for the delay. Shopify’s latest move is one that reduces GLBE to a mere middleman for fulfilment services. Insofar that with SHOP handling the front-end mechanics then GLBE is... login to read the rest
I don't know if you have access to it but Jefferies hosted a call with a customer of GlobalE that I'd highly recommend.
I thought this sounded interesting from your writeup & the valuation but after... login to read the rest
Interesting idea...No position here yet. There are some popular, if not well regarded TWTR peeps who are certain that GLBE is powering SHOP's efforts. Did you save or can you point towards better info that... login to read the rest
Can you be a bit clearer on the competitive threat side?
Do you expect Border Free and/or ESW to take market share or clients (net basis) from GLBE? Or is the threat from Avalara? Or perhaps... login to read the rest
Last week, Shopify announced that they would add native capabilities to localise prices payment, collect duties and taxes and provide shipping services to merchants all for 0.85% as compared to GLBE's 3%. Bulls took to Twitter in... login to read the rest
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