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Shopify is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. The Shopify platform offers online retailers a suite of services, including payments, marketing, shipping and customer engagement tools. As of 2023, Shopify hosts 4.6 million stores across 175 countries.
Shopify would have more than 2,000% in upside if it reached Amazon's size. To be clear, Amazon is a far more diverse and far larger business than Shopify. It will take years or even decades for ...
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] As of 2022, he was the 11th richest ...
In August 2022, e-commerce company Shopify announced it was making Klaviyo the recommended email solution partner for its Shopify Plus merchant platform, with a US$100,000,000 strategic investment into the company. In May 2023, Klaviyo filed for an initial public offering (IPO) for a listing at the New York Stock Exchange.
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For the first quarter, Shopify reported an adjusted profit of 20 cents per share on revenue of $1.86 billion. Analysts polled by Zacks Investment Research expected a profit of 16 cents per share ...
The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy . Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its ...
After completing his JD and MBA, Finkelstein worked at a law firm in Toronto for a year. In 2009, Finkelstein met with Tobias Lütke, the co-founder and CEO of Shopify, to discuss opportunities for the company, and became one of the first merchants on Shopify. Finkelstein was hired soon after and was named Shopify's Chief Platform Officer.
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Shopify's revenue grew by a healthy 23% year over year to $1.9 billion as more small businesses and merchants signed up for its online storefront solutions. But net income fell from $75 million to ...