Tobi Lütke

Flexport is buying Shopify’s logistics-fulfillment operations, including U.S. e-commerce platform Deliverr, setting up the freight company to add home-delivery services that would compete with Amazon.com for retailer business. Shopify is also selling its 6 River Systems warehouse robotics operation to U.K. automated grocery-fulfillment specialist Ocado Group. Shopify, a Canada-based online retail-services platform that has struggled…

Like so many major companies come Pride Month, Shopify is ready to show their support during events like the 2017 Toronto Pride Parade. Still, the company has a very mum response as LGBTQ advocates asks the company to put its money where its mouth is.Photo: Shawn Goldberg (Shutterstock)Shopify has routinely denied calls to ban a noted right-wing anti-LGBTQ+ harassment group from using its platform to sell merchandise. Now it’s becoming clear just how deep the company has stuck its head in the sand to ignore the LGBTQ…

Shopify is pissed its sellers are integrating Buy with Prime.Illustration: Edward Smith (Getty Images)It was all good-natured competition, until it wasn’t. E-commerce selling platform Shopify has put on its boxing gloves to brawl with the heftiest heavyweight in its industry over checkout buttons. Specifically, Shopify doesn’t want to see Amazon’s shiny new “Buy with Prime” option on its sellers’ stores, and it’s fearmongering with popups sent to sellers. The messages say thatintegrating Amazon’s payment option is a…

Photo: Bennett Raglin (Getty Images)Though the world’s leading online retailer, Amazon, has so far managed to weather the tech downturn relatively well, the same can’t necessarily be said for its smaller competitor, Shopify. In late July, Shopify CEO Tobi Lütke announced the company would lay off 10% of its staff, roughly 1,000 workers, following a period of explosive pandemic growth.Shopify benefited immensely from a sudden shift towards ecommercce propelled by covid lockdowns and evolving shopping patterns. Like many…

Photo: Bennett Raglin (Getty Images)Add e-commerce behemoth Shopify to the growing list of tech companies struggling to steer through 2022 unscathed.In a memo to staff, Shopify CEO Tobi Lütke announced the company’s decision to cut around 10% of its global workforce, which amounts to roughly 1,000 workers. Those layoffs are expected by the end of the day Tuesday and mark a dramatic reversal for a company recently riding high off of pandemic-era e-commerce growth.“For a company like ours this news will be difficult to…

Shopify Inc. SHOP -16.52% is cutting roughly 1,000 workers, or 10% of its global workforce, rolling back a bet on e-commerce growth the technology company made during the pandemic, according to an internal memo. Tobi Lütke, the company’s founder and chief executive, told staff in a memo sent Tuesday that the layoffs are necessary as consumers resume old shopping habits and pull back on the online orders…

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…