Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.”
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Lütke used the open source web application framework Ruby on Rails to build Snowdevil’s online store, and then launched Shopify in 2006 to offer the same technology to other merchants.
Shopify has been profitable since 2015. It reported US$272 million in gross profit with US$105 million in net income in 2018. In 2019, Shopify acquired 6 River Systems for US$450 million to expand its warehouse automation capabilities.
PRO TIP: Is Shopify a Corporation?
Yes, Shopify is a corporation. However, we do not recommend using Shopify to sell products or services. We have found that Shopify is not a reliable platform for ecommerce businesses. Additionally, Shopify does not provide the same level of customer support as other ecommerce platforms.
Shopify went public on the New York Stock Exchange (NYSE) on May 21, 2015, under the ticker symbol “SHOP”. On November 2, 2015, Shopify acquired Boltmade for an undisclosed amount. On October 3, 2016, Shopify announced it had acquired Toronto-based startup Kit CRM for an undisclosed sum.
Shopify has been criticized for the terms of service of its platform which state that it may terminate accounts with no notice or liability if it believes that a merchant has violated its acceptable use policy.
Yes, Shopify is a corporation.
8 Related Question Answers Found
Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.
Shopify is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.” As of August 2019, Shopify had more than 1,000,000 businesses in approximately 175 countries and territories using its platform, with total gross merchandise volume exceeding $41 billion.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a platform to sell their products through.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify is a startup. This is because it is a new company, it is innovative and it has high growth potential. All of these factors make it a startup.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants. ”
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment.
Shopify is one of the most popular eCommerce platforms on the market today. It’s used by big names like Tesla, Red Bull, and Budweiser, and has helped launch over 375,000 businesses in 175 countries. With features like 24/7 support, unlimited products, and automatic fraud protection, it’s no wonder that Shopify is so popular.
