BHI 3.0·Q1 2026 Bulletin
Last computed 14:32 UTC, Apr 29 2026·Spearman ρ = 0.83·Validation: preliminary
Today's bulletin →
Movers · since 14:32 UTC, Apr 29 2026
PLATFORM PROFILESHOP

Shopify

$167B$378B GMVE-Commerce
3.15
B-index (V3.1)
BLACK HOLE
Capture1.412
Escape0.447
Key Structural Insight

Data portability does not equal infrastructure portability. Merchants own data but cannot move integrations.

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth7/10
Memory7/10
Action7/10
Process8/10
Network8/10
Closeness7/10
Portability4/10
Substitutability5/10
Human Fallback5/10
Org Depth7/10
Momentum7/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.7244CES(d, m, a, p)
Knowledge synergy σₖ0.7000√(d · m)
Operability synergy σₒ0.7483√(a · p)
Synergy boost1.21721 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.35001 + 0.5·o
Momentum multiplier1.21001 + 0.3·t
Total Capture1.4115c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.4654CES(x, s, h)
Feedback attenuation0.7465max(0.3, 1 − 0.35·core)
Total Escape0.4474ε + escCore · feedback
B = Capture / Escape3.151.412 / 0.447

Scoring Rationale

16,000+ apps, Shop Pay (50% conversion lift). Merchants own data but technical switching cost of rebuilding integrations substantial. GMV = 66% of Amazon marketplace.

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
CLOSE7
+0.90
PORT4
-0.38
SUB5
-0.34
FALL5
-0.34
ACT7
+0.32
DATA7
+0.32
MEM7
+0.32
PROC8
+0.30
ORG7
+0.23
NET8
+0.23
MOM7
+0.16
+ raises B (deepens lock-in) lowers B (aids escape)

Comparable PlatformsE-Commerce (7 peers)

#PlatformTickerB-indexZone
01Amazon MarketplaceAMZN7.77BLACK HOLEProfile →
02MercadoLibreMELI5.87BLACK HOLEProfile →
03Alibaba/TaobaoBABA4.97BLACK HOLEProfile →
04CoupangCPNG3.72BLACK HOLEProfile →
05Shopee/SeaSE3.03BLACK HOLEProfile →
06PDD/TemuPDD1.86EVENT HORIZONProfile →
07eBayEBAY1.71EVENT HORIZONProfile →