Last year, after laying off 1,000 employees, Shopify introduced a “flexible compensation” policy for employees and deleted meetings, among other changes. [Read more…] about Shopify Announces Major Layoffs in Return to Singular Focus on ‘Main Quest’
Shopify
Shopify Integrates Google Cloud Tech to Arm Merchants with AI Tools
A Google Cloud-commissioned Harris Poll survey found that search abandonment—when a consumer looks for a product doesn’t find it, and leaves—costs retailers around the world $2 trillion annually. [Read more…] about Shopify Integrates Google Cloud Tech to Arm Merchants with AI Tools
Canadian Fintechs, Consumers Tinker with Commerce in the Metaverse
Earlier this year, Shopify announced the launch of live video shopping within the company’s consumer-facing Shop app. [Read more…] about Canadian Fintechs, Consumers Tinker with Commerce in the Metaverse
Shopify, Stage TEN Partner to Launch Live E-Commerce in Canada
Shopify recently announced the launch of live video shopping within the company’s consumer-facing Shop app.
The Ottawa e-commerce giant selected Stage TEN as the live video commerce alpha partner for Shopify’s new “Shop Minis” program, “where best-in-class technologies can extend functionality directly into the Shop app environment,” according to a statement from the Toronto-area firm. [Read more…] about Shopify, Stage TEN Partner to Launch Live E-Commerce in Canada
Why Shopify is Cancelling Meetings in 2023
Ottawa-based e-commerce pioneer Shopify has a storied past—one primarily of success and innovation in Canada.
After going public, Shopify’s stock price knew only one direction for years: up. [Read more…] about Why Shopify is Cancelling Meetings in 2023
At Forefront of Flexible Compensation, Shopify Unveils ‘Flex Comp’ System
The storied e-commerce pioneer from Ottawa continues to innovate.
Although the typically clever company this year lost a bet that forced significant layoffs, Tobi Lütke and his crew across Canada appear unwilling to be demoralized. [Read more…] about At Forefront of Flexible Compensation, Shopify Unveils ‘Flex Comp’ System
Shopify Unveils ‘Collabs,’ a Platform Designed to Financially Empower Solo Creators
The total size of the creator economy is estimated to be worth over $100 billion. And yet most creators struggle to financial independence, or even to generate income at all.
Shopify wants to amplify solo creators through its latest feature, Collabs. [Read more…] about Shopify Unveils ‘Collabs,’ a Platform Designed to Financially Empower Solo Creators
Seven Fintechs Innovating the Payments Space in Canada
“Hold on, I think I’ve got another penny in one of these pockets…”
It was only a couple of decades ago where paying with paper (not even polymer!) and metal coinage was the go-to. A common alternative, hardly touched today outside of legacy business, was the classic cheque. Cash registers for point-of-sale transactions were hefty, clunky blocks. Only fancy business folk had credit cards and even then used them sparingly. [Read more…] about Seven Fintechs Innovating the Payments Space in Canada
Clearco Abruptly Reverses Course, Trims 25% of Workforce
Clearco is in muddy water.
The Toronto-based financial technology firm, founded in 2015, has abruptly reversed course. According to a memo issued to staff on Friday, a quarter of the company’s 500-strong workforce is being trimmed and it may abandon multiple international markets. [Read more…] about Clearco Abruptly Reverses Course, Trims 25% of Workforce
A Succinct Record of Shopify
The brains behind Fintech.ca have been covering Shopify since 2006.
It is among the largest and most storied technology firms in Canada, having helped pioneer modern commerce for the internet.
Our story begins with a handful of snowboard enthusiasts looking to make a buck off their passion in the fine city of Ottawa—or rather, not anywhere at all, but online. [Read more…] about A Succinct Record of Shopify