Jason Moser

There's some big question marks as to entirely what agentic commerce means and what that ultimately is going to look like.

I think everyone is trying to define that.

You're not.

No, I'm not.

It's not a mind reader.

And I think that's kind of where we have to figure, okay, where's sort of that happy middle there?

I mean, are we talking about just auto-filling delivery addresses and payment information?

Because you know what?

That's been happening for a while now.

So, yeah, I've read a lot of thoughtful pieces about agentic commerce, and a lot of them kind of talk about why that may be a little bit overblown.

And

And perhaps what we see with agentic commerce ultimately is, it serves more on the back end for these companies and is less consumer-facing.

I think that's a little bit of an easier leap to make there when we see these investments that businesses make in helping their merchants run more efficiently and making their actual businesses more efficient.

Overall, I think we still look at Shopify.

I'm a longtime shareholder, very happy shareholder, and happy to hang on to those shares.

I think when we see the company pull back like this historically, these have represented interesting times.

I don't think that Shopify is the type of business that is going to be

disrupted by AI, as many of these companies were discussing.

That's the big question mark.

It's going to be building on top of that layer of AI technology, ultimately helping reshape the commerce industry.