In this article, I evaluated two internet stocks, Shopify Inc. (SHOP) and Wix.com Ltd. (WIX), to determine which has a better potential for growth. We believe WIX is the better investment for the reasons explained throughout this piece.
The COVID-19 pandemic has dramatically shifted digital usage and changed how we work, connect, learn, and shop. As per Statista, as of 2023, nearly 92% of individuals in the U.S. accessed the internet, up from 77% in 2022. The U.S. is one of the biggest online markets globally, with almost 299 million internet users as of last year.
