Etiket: Shopify
Shopify predicts slowdown in revenue
(Ottawa) Shopify shares fell Wednesday as the company reported a loss in its latest quarter and forecast slower revenue growth for the next quarter in its financial outlook. Published yesterday…
Black Friday | Shopify says sales exceed last year
(Ottawa) Shopify says its merchant sales for this year’s Black Friday increased 22% compared to the previous year. Posted at 11:29 a.m. The Ottawa-based e-commerce platform says businesses using its…
Shopify | A profit of US718 million and revenues up 25%
(Ottawa) Shopify on Thursday posted third-quarter net profit of US$718 million, compared with a loss of US$159 million for the same period last year, while its revenue rose 25% year-on-year.…
Shopify will oppose a federal tax request
Shopify will oppose a request from the Canada Revenue Agency, which demands that it turn over six years of documents for Canadian stores using its e-commerce platform, the CEO of…
Shopify will object to a request for documents from the CRA
(Ottawa) Shopify will oppose a request from the Canada Revenue Agency that demands it turn over six years of documents for Canadian stores that use its software, the established company’s…
Large Investors | Shopify regains the interest of the Caisse
The e-commerce solutions provider Shopify is once again becoming attractive to the Caisse de depot et placement du Québec. Posted at 7:00 a.m. Richard Dufour The Press After significantly lowering…
Shopify cuts its workforce by 20%
Shopify announced on Thursday that it would cut its workforce by about 20% and sell its logistics business to Flexport, a supply chain management company. The Ottawa-based e-commerce company touted…
Shopify has no plans to make further layoffs, says its president
(Toronto) As a growing number of tech companies lay off workers, Shopify’s president says he doesn’t foresee any further cuts to the Ottawa-based e-commerce solutions specialist’s business. Posted yesterday at…
Shopify posts a loss of 623.6 million US
(Toronto) Shopify posted a loss of US$623.6 million in its most recent quarter, even as revenue grew 26% from the same period a year earlier. Posted at 9:08 p.m. The…
Shopify | CTO quits for ‘personal reasons’
(Ottawa) Shopify announced on Friday that its chief technology officer, Allan Leinwand, will be leaving the company and that chief executive Tobi Lütke will assume some of his duties. Posted…
Accused of profiting from pirated content | Shopify and textbook publishers ask to drop lawsuit
(Ottawa) Shopify and a group of textbook publishers, which accused the tech company of profiting from pirated content and infringing on their trademarks, have asked a US court to throw…
Second trimester | Shopify posts $1.2 billion loss
Shopify’s president says the company is in an “enviable” position, though it continues to express regret that it misjudged the growth of the e-commerce market – a move that forced…
Shopify lays off 10% of its workforce
Shopify on Tuesday announced it was laying off 10% of its workforce because the company misjudged e-commerce growth. The Ottawa-based company’s CEO, Tobi Lütke, said in a blog post that…
Shopify shareholders approve boss’ voting rights hike
Shopify shareholders voted on Tuesday to shore up the vote weight of the company’s founder and CEO, Tobi Lütke, for as long as he works there and ensure that he,…
Shopify will buy the American Deliverr for 2.1 billion US
(OTTAWA) Shopify announced Thursday that it has reached an agreement that will see it acquire U.S. logistics company Deliverr in a deal valued at around $2.1 billion. Posted at 10:45…
Shopify wants to change its governance and split its shares
(Toronto) Shopify is proposing changes to its governance structure to preserve the voting power of its founder and CEO, Tobi Lütke, in addition to a split of its Class A…
Shopify shares plunge after downgrade to 2022 guidance
Shopify shares plunged to their lowest level in nearly two years on Wednesday after the e-commerce giant warned that its revenue growth would slow this year as restrictions eased due…
Shopify boss joins Coinbase board
Cryptocurrency trading platform Coinbase Global announced on Monday that Shopify CEO Tobi Lütke will join its board of directors. Posted yesterday at 6:37 p.m. Coinbase founder Brian Armstrong said in…
Shopify increases revenue by 46%
(Ottawa) Shopify posted third-quarter profit of nearly US $ 1.15 billion on Thursday, inflated by unrealized profit on its equity investments, while revenue grew 46% from the same period last…