2min chapter

The Network State Podcast cover image

#2 - Tobi Lütke & Kaz Nejatian on Shopify's Country-Sized Economy

The Network State Podcast

CHAPTER

V One, I'm Working on a v Two and Actually Translate Into Multiple Languages

Shopify is on par with a small country, you know, the stats you mentioned. If you have even two million merchants, then Shopify's merchant population alone is somewhere between Latvia and Slovenia. Your GMV for Q three, if I'm not mistaken, I saw it reported as like 47 billion. So that's like annualized at $184 billion GMV,. Like gross marketplace value, total value of all transactions.

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