Executive summary Amazon, Shopify and eBay represent three distinct e-commerce models: Amazon (AMZN) is a massive marketplace + logistics + AWS hybrid; Shopify (SHOP) is a merchant-platform/subscription model powering independent stores; eBay (EBAY) is a marketplace focused on reuse, collectibles and a growing ad/managed-services mix. Recent results show: Amazon reported Q2 2025 net sales $167.7B…
Executive summary Robinhood (HOOD) is positioning itself as a digital-first retail brokerage with trading, crypto, subscription and wealth ambitions. In Q2 2025, it posted revenue of $989M, net income of $386M, and diluted EPS of $0.42, backed by strong net deposits and growth in Gold subscriptions. (Robinhood Investors)Coinbase (COIN) remains the leading U.S. crypto exchange,…
Executive summary AppLovin (APP), Unity (U) and Digital Turbine (APPS) occupy adjacent positions in mobile adtech: AppLovin is a large-scale performance ad platform that recently exited game development to focus on high-margin adtech; Unity is a broader real-time content and monetization platform with a growing ad network and AI-led product push; Digital Turbine is a…