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Is Shop Owned by Shopify?

Last updated on October 1, 2022 @ 12:54 pm

Shopify is an ecommerce platform that enables entrepreneurs to start their own online stores. Shopify has been growing in popularity in recent years, and many people are wondering if the company is owned by Shopify.

The answer to this question is a bit complicated. Shopify is a publicly traded company, and its shares are owned by a variety of different investors.

However, the largest shareholder in the company is its founder and CEO, Tobi Lütke. As of early 2018, Lütke owned approximately 26% of Shopify’s shares.

PRO TIP: If you are considering using Shopify to build your online store, you should be aware that Shopify is a platform that is owned by Shopify. While this may not seem like a big deal, it can be important to know that if you ever have any issues with your store, you will be dealing with Shopify directly. Additionally, if you decide to switch to another eCommerce platform in the future, you will likely need to start from scratch, as Shopify is not compatible with most other platforms.

So, while Shopify is not technically owned by Shopify, its founder and CEO does own a significant portion of the company. And, given Lütke’s significant control over the direction of the company, it could be said that Shopify is effectively controlled by its founder.

Is Shop Owned by Shopify?

No, Shopify is not owned by Shopify. However, the largest shareholder in the company is its founder and CEO, Tobi Lütke.

As of early 2018, Lütke owned approximately 26% of Shopify’s shares. Therefore, while Shopify is not technically owned by Shopify, its founder and CEO does own a significant portion of the company.

Drew Clemente

Drew Clemente

Devops & Sysadmin engineer. I basically build infrastructure online.