By Sean Silcoff.
This has been a year of extremes for Shopify Inc. The stock of the retail-merchant software provider more than doubled as the company continually exceeded forecasts and cemented its status as Canada’s pre-eminent emerging technology company, with 500,000-plus merchant customers. But Shopify also faced its first external criticisms: It was targeted by protesters for hosting the online store of U.S. publication Breitbart News, and its stock sank 20 per cent in the days after short-seller Andrew Left of Citron Research attacked its business model and marketing practices, and said the company was overvalued, in early October. On Wednesday, CEO Tobi Lutke was named chair of the federal government’s economic strategy table on digital industries, a 15-member-group that will advise Ottawa on how to become a global innovation leader. He spoke with The Globe and Mail’s Sean Silcoff about his new role and the company’s recent challenges.
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