Shopify’s share price skyrocketed during the pandemic, peaking at about $2,140 on Nov. 19, 2021, compared with about $700 in mid-February 2020. But investors have grown less enthusiastic about companies that put growth ahead of profits. Shopify dropped about 21 per cent last week, wiping out all of its pandemic gains. The stock was down another six per cent at midday in Toronto on May 9, trading around $455 amid a broader market decline.
But Lütke said the role could be more transparent, alleging that analysts often mask their failures with jargon.
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financialpost Says the ceo who said nothing about “supply chain” issues in their October earnings when every other business did. Analysts don’t have a crystal ball especially when you withhold information!
financialpost Throws shade?
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Shopify founder Tobi Lütke throws shade on the analysts who are down on his companyBut followers urge CEO to focus on company and not worry so much about share price my work Ah. Yes. Well, he will find me distinctly lacking in empathy. 'Schadenfreude' is more applicable here.
Source: nationalpost - 🏆 10. / 80 Read more »
Shopify founder Tobi Lütke throws shade on the analysts who are down on his companyBut followers urge CEO to focus on company and not worry so much about share price my work Ah. Yes. Well, he will find me distinctly lacking in empathy. 'Schadenfreude' is more applicable here.
Source: nationalpost - 🏆 10. / 80 Read more »
This B.C. business nearly lost $18K because of Shopify's mistake | CBC NewsWhen a customer complained he hadn't received his merchandise, this B.C. company sent ample evidence to the contrary to Shopify. But Shopify didn't send it to the investigating bank, nearly costing the merchants some $18,000. One expert says the credit card industry is a web of complicated relationships that often puts the customer first. A word to the wise….when ordering a product from China through what ever channel including using paypal is a crap shoot. Any disputes is fruitless. I know. Messy chargeback management. Time to fix it up. Shopify I’ve had problems customers in my business and the safe way to handle them is to give in and pay what they demand. I prefer to risk all and not give in to bullies. They can hurt your business badly out of spite. Once CBC publicized this story, Shopify settled it immediately. Why?
Source: CBCNews - 🏆 2. / 99 Read more »