Shopify Company & Staff Insights

Shopify Inc. Logo Image

Shopify Inc. (E-commerce Company)

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Company Basic Insights - Shopify E-commerce Platform

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Founder(s)

  • Tobias Lütke
  • Scott Lake
  • Daniel Weinand

CEO (Chief Executive Officer)

  • Tobias Lütke

Launch Date

  • 2006

Shopify Country of Origin / Headquarters

  • Canada

Is Shopify publicly traded?

  • Yes. On April 14, 2015, Shopify filed for an initial public offering (IPO) on the New York Stock Exchange and Toronto Stock Exchange under the symbols “SHOP” and “SH” respectively.
  • Shopify went public on May 21, 2015, and in its debut on the New York Stock Exchange, started trading at $28, more than 60% higher than its US$17 offering price, with its IPO raising more than $131 million.

Stock

  • NYSE: SHOP

Mantra/Slogan

  • We want to arm the rebels. (meaning instead of building an empire like Amazon, they want to enable everyone to run his/her own online shop easily and without technical coding knowledge)

Website URL

Shopify Black Friday Cyber Monday Data Stories

  • Shopify BFCM Data Stories: Shopify has created a web page in which the data related to live transactions are shown on Black Friday and Cyber Monday. On 28 Nov. 2020 (Black Friday) there were more than $1,500,000 USD of order value each minute, which was the result of more than 15,000 sales throughout all the shops created using Shopify shopping engine.
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What is Shopify? How does Shopify make money? (Shopify Business Model)

  • Shopify Inc. is an e-commerce company. It lets you create an online shop in a matter of minutes, without having technical knowledge or coding skills. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services including payments, marketing, shipping and “customer engagement tools”.
  • For larger enterprises, there is Shopify Plus, which has a much higher monthly subscription fee that eventually switches to a transaction revenue stream if revenues go beyond a certain threshold.
  • Shopify is an e-commerce platform enabling merchants to commercialize their products via a monthly subscription fee, and additional services provided by the platform. Its core business is subscription-based, even though in 2018, the company made over 50% of its revenues from another stream called “merchant solutions”.
  • Shopify merchant solutions primarily make money from payment processing fees from Shopify Payments, transaction fees, Shopify Shipping, Shopify Capital, referral fees from partners, and sales of point-of-sale (“POS”) hardware. As pointed out on its financial statements Shopify Payments is a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline and is also designed to drive higher retention among merchant subscribers.
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Use Cases for Shopify Business Research

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This document is generated by AI software and can be useful for a variety of purposes, such as:

  • Retail Experts
  • Journalists looking to write a piece on a company, or have an interview with its CEO, manager, or another employee.
  • VCs & Angel Investors can use this insight to hunt new ventures and potential startups to fund them, also they can use it for due diligence process
  • Podcast Hosts get to know their next guest, or find out who to invite from a company, or even know a company better before they comment on it.
  • Sales Specialists use this analysis to know their target company or future client, and contact them wisely. Also it’s important to know who is a better prospect to contact with inside the organization.
  • Legal Specialists
  • Startup Founders who like platforms and 2-sided marketplaces
  • Insurance Companies
  • Business Bloggers
  • Reporters
  • Digital Marketing Specialists
  • Public Market Investors
  • Online Magazines
  • Any person or company that needs insight on another company and/or its employees, managers, c-level staff, etc.

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