Shopify’s stock opened this week trading down 66 per cent from its all-time high, a fall that has wiped nearly US$150 billion from its market cap since mid-November. While the Ottawa-headquartered firm has benefited from the pandemic-induced shift to online shopping, its prospects for long-term growth may depend on the success of new offerings like small-business banking, and its big bet on logistics.
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Exclusive
Laid-off RenoRun workers seeking unpaid wages through labour board
Briefing
Utah is first U.S. state to require parental consent for kids to access social media
Procedures ‘not consistently followed’ with McKinsey contracts, federal review finds
Ontario budget features manufacturing tax credit and money for trades training
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
