Amazon’s growth is slowing. According to research firm eMarketer, Amazon has 40.4% of the $908 billion U.S. e-commerce market.
But that’s up from 39.8% last year – an increase of just 0.6 percentage points.
No wonder Amazon stock is up only 1.6% so far this year.
We need to look elsewhere for e-commerce growth.
Lucky for us, a company that is more widely known for electronic documents has quietly become an e-commerce powerhouse.
It’s all because of a platform called Magento. No, it’s not the name of a sci-fi character. It’s actually a massive win for the company I have in mind.
In fact, it’s a win so massive that it has helped this Silicon Valley leader crush Amazon by 900% so far this year, with plenty of upside ahead…