While $CMRC is losing 2-3 small websites a day on its BigCommerce platform net to $SHOP, my own r...
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
Commerce Bancshares (CMRC) is reportedly losing small websites to Shopify (SHOP) but showing improved Q3 install base declines compared to Q2. The company is strategically shifting focus to mid-market and enterprise clients, reportedly adding significant enterprise clients like AMD, Zeiss, and GE Appliances in Q3, which could be a strong cross-sell opportunity for its Feedonomics segment. This strategic pivot and unannounced enterprise client wins suggest potential upside not yet reflected in the current valuation.
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By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.