The internet industry is predicted to grow steadily as a result of increased digitization and government measures to make the internet available to all. However, I think it could be wise to wait for a better entry point in Shopify Inc. (SHOP) and Shutterstock, Inc. (SSTK).
The National Telecommunications and Information Administration (NTIA) of the Department of Commerce announced the availability of roughly $1 billion in funding to improve Internet access and adoption on tribal lands. This initiative is part of President Biden’s Investing in America strategy and his economic plan, Bidenomics, to develop the economy from the bottom up and middle out while lowering costs for more families.
