The Investment Reporter, in its April 28, 2023, issue, says hold Shopify Inc., recently $66.31. The Reporter said to buy Shopify once before on July 23, 2021, at $1,862.97 ($186.30 adjusted for the stock split). Shopify split its shares on a 10:1 basis in June, 2022. The company is a Canadian multinational e-commerce company. Shopify is also the name of its proprietary e-commerce software for on-line stores and retail point-of-sale systems. Despite difficult times, Shopify's gross merchandise volume (GMV) continued to rise in 2022. The company's revenue rose from $4.6-billion in 2021 to $5.6-billion in 2022. For the year ended Dec. 31, 2022, Shopify earned $47.6-million, or four cents a share, compared with earnings of $814.4-million, or 64 cents a share, in 2021. The Reporter says Shopify will likely post high-teen percentage revenue growth in 2023, but earnings per share are expected to be flat. The long-term outlook for e-commerce is encouraging, but in an uncertain economic backdrop and at a lofty valuation, the Reporter thinks Shopify may be vulnerable to a large setback. Hold Shopify.