Insights on the global eCommerce & DTC businesses

I’m not sure anyone ever seriously expected Facebook, Google, or eBay to be a buyer of these types of businesses, but they haven’t been. Amazon and Walmart haven’t been active, either. Target has been focused on launching new private-label brands. Nike hasn’t done a DTC roll-up. Shopify, which now powers almost 2 million e-commerce merchants, hasn’... See more

Facebook Shops is a perfect example: it is going to succeed because it is good for Shopify’s merchants, but the reason it is good for Shopify’s merchants is because Facebook and Apple effectively teamed up to make it impossible for Shopify to fix the payment problem on their own.