Is Shopify a Passive Incom Buy After the Stock Split?

On June 29, Shopify (SHOP 3.70%) shares began trading on a 10-for-1 split basis — dropping the company’s stock price by 90% (to around $35 per share) while keeping its $47 billion market cap the same. While this change doesn’t affect Shopify’s valuation relative to revenue and earnings, it makes the stock more accessible for smaller investors who don’t have much money to put in the market.
That said, is it time to bet on Shopify?

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What is Shopify?
Shopify is a global e-commerce platform that allows small business owners to build and customize online stores that can sell through multiple mediums, including online, in-person, and brick-and-mortar.