Shopify shareholders approved a 10:1 split of Class A and Class B stock. The additional securities will be issued on June 28 to holders of shares as of June 22, 2022, and will begin trading on the exchange on June 29, 2022, taking the split into account. Also approved is an issue of Founder's Shares for Tobias Lütke. This, in combination with Lütke's existin...

Shopify plans to buy e-commerce platform Deliverr for $2.3-2.7 billion, sources told Insider. The deal is expected to take place in the next two weeks. Deliverr allows relatively small sellers to leverage a nationwide warehouse network and facilitate faster delivery of goods. It serves marketplace sellers on platforms such as Walmart, eBay, Google Shopping a...

Shopify's GAAP loss for 3 months of 2022 was $1.474 billion, compared to a profit of $1.259 billion in the previous year. Revenue rose 21.7% to $1.204 billion from $0.989 billion a year earlier.

Shopify is planning a 10:1 split of Class A and Class B stock. This will be decided at the annual shareholder meeting on June 7, 2022. If approved, shareholders of record at the close of business on June 22, 2022 will receive shares on June 28, 2022.