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Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. Shopify is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.
Shares of Shopify plunged Wednesday after the Canadian company that helps retailers with online sales warned of easing revenue growth and thinner margins in the current quarter.
Shopify's growth stalled, and its stock price collapsed throughout 2022. And while the company has begun digging itself out of the hole, it is still down 66% from its all-time high.
Tobias "Tobi" Lütke MSC is a German/Canadian entrepreneur who is the co-founder and CEO of Shopify, an e-commerce company based in Ottawa, Ontario, Canada. [2] [3] [4] He has been part of the core team of the Ruby on Rails framework and has created open source libraries such as Active Merchant. [5]
Shopify stock has plunged 24% since then. Is this short-term dip a buying opportunity? Let's see how Shopify is doing and where it's likely headed. An e-commerce empire
He is best known as the president of Shopify. He is a board member of CBC, and an advisor to both OMERS Ventures and Felicis Ventures. He is also a Dragon on CBC Dragons' Den, Next Gen Den.