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Shopify Inc. SHOP 2.82% shareholders narrowly approved a measure to protect the voting power of co-founder and Chief Executive Tobi Lütke. About 54% of shareholders on Tuesday voted in favor of granting Mr. Lütke a new so-called founder share that, on top of his existing supervoting Class B shares, raises his voting power to 40% from 34%. Shareholders also voted overwhelmingly in favor of a…

The Future of Everything Festival is happening right now. Click here to register and watch for free as a member. U.S. companies should continue to have a presence in Russia despite the war in Ukraine, Max Levchin, chief executive of buy-now-pay-later company Affirm HoldingsInc., said Wednesday. “In the long term I hope American businesses do end up in Russia and Russian people have the perception that Americans are…

Shopify Inc. has agreed to buy U.S. fulfillment specialist Deliverr Inc. for $2.1 billion in a cash-and-stock deal, as the e-commerce platform moves to build out its order-fulfillment operations for online retailers looking to compete with Amazon. com Inc.The Canadian company said Thursday that it plans to merge Deliverr with its existing fulfillment network—anchored by the 6 River Systems business it acquired in 2019 for $450 million—to form a broader logistics…