Shopify CEO Hits Back at Short-Seller’s Claims [Canadian Business Journal (Canada)]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
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Source: Canadian Business Journal
Shopify CEO Hits Back at Short-Seller’s Claims CBJ — The CEO of Shopify has vehemently denied what he calls preposterous claims made by a high-profile short-seller following a strong third-quarter. CEO Tobias Lutke called Andrew Left of Citron Research a “short-selling troll” in venting his anger. However, despite Lutke’s efforts to calm the waters, shares of Shopify tumbled more than 8% in New York and 10% in Toronto. The company had recently posted its first adjusted operating profit as a public company in the quarter ended Sept. 30 — a quarter earlier than anticipated. On Oct. 4, Left published a video alleging the company, which provides businesses with online checkout services, doesn’t comply with Federal Trade Commission guidelines and suggesting the stock’s value is closer to $60 US before any potential FTC involvement. He also claimed Shopify is nothing but a typical “good ol’ get-rich-quick scheme.” Lutke shot back saying Shopify does in
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- Do You Believe in the Growth Prospects of Shopify (SHOP)? [Yahoo! Finance]Yahoo! Finance
- Shopify: A Growth Story That Needs A Shift In Course [Seeking Alpha]Seeking Alpha
- Shopify: Aggressive Expansion Path [Seeking Alpha]Seeking Alpha
- Shopify (SHOP) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
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- 2/13/24 - Beat
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- 3/22/24 - Form 144
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- SHOP's page on the SEC website