E-commerce giant Shopify plans to fight a Canada Revenue Agency (CRA) demand for six years of records from more than 121,000 Canadian merchants that work with the platform to build online stores. “I don’t particularly want a fight with the CRA (Canada’s tax authority)- but we got asked to backchannel them 6 years of records…

Shopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business to Flexport, a supply chain management company. The Ottawa-based e-commerce giant announced the moves Thursday morning and positioned them as a way to help it focus on its main quest: making commerce easier. But achieving that…

Tech giant Shopify announced in a memo sent to employees on Jan. 3 that all staff were to cancel the majority of meetings for at least a two-week period. “No one joined Shopify to sit in meetings,” wrote Kaz Nejatian, vice president of product and chief operating officer at the company, in the memo Shopify…

Shopify no longer plans to use a large office space of over 250 square feet being constructed in downtown Toronto that was first planned to be a central hub for its employees, citing the pandemic and the growth of remote work as the main reason for decision. The Ottawa-based tech company signed a 15-year lease…

Shopify Inc. said on Friday it has introduced a new compensation system that allows staff more flexibility in restructuring their awards between cash and equity, as the e-commerce major seeks to attract and retain workers. As many as 91 percent of the eligible employees have already enrolled in the new system, Flex Comp, the company…

Canadian eCommerce company Shopify Inc. informed employees on July 26 that it is laying off about 1,000 workers, effectively immediately. “Shopify has to go through a reduction in workforce that will see about 10 percent leave by the end of the day,” said CEO and founder Tobi Lütke in the email, posted on the company’s…

Canada’s Shopify Inc. reported its slowest quarterly revenue growth since going public in 2015 and delivered a big miss on profit, sending the company’s U.S.-listed shares tumbling 17 percent on Thursday. Easing global e-commerce growth from the frenetic pace seen during the peak of the pandemic has hit Shopify, which provides merchants tools and service…

On Sunday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Monday. From the replies Benzinga selected one ticker for technical analysis. @EGT_AlAli, and @carlousa14 are buying Shopify Inc. Shopify is set to print its first-quarter earnings before the market open on Thursday. When the Ottawa-based e-commerce company reported its…

Shares of Shopify, Inc. have shed about 58 percent value since the start of the year and an analyst at Piper Sandler is pointing towards incremental risk for the Canadian ecommerce company over the remainder of the year. The Shopify Analyst Brent Bracelin maintained an Overweight rating on Shopify shares but reduced the price target from $900 to $800, implying…

On Thursday, the second day of the 2022 Bitcoin conference in Miami—a four-day event—Jack Mallers, CEO of cryptocurrency payment app Strike, took the stage to announce a partnership to integrate with e-commerce giant Shopify Inc. to allow for payments across the Bitcoin Lightning Network. “We’re proud to partner with Shopify to provide merchants with a…