Shopify | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Shopify is a leading global commerce company that provides trusted tools to start, grow, market, and manage retail businesses of any size. With a platform engineered for reliability, Shopify enhances the shopping experience for consumers and powers millions of businesses in over 175 countries, including well-known brands like Allbirds, Gymshark, and PepsiCo.

🛍️ Shopify Product and Pricing News

• Shopify has launched Shopify Magic, a free suite of AI-powered tools that automate tasks like generating product descriptions and managing inventory to help merchants enhance customer engagement and increase sales.
• Swap launched an AI-powered returns solution for brands using Shopify to improve efficiency and customer retention.
• Shopify recently improved Liquid DX with features like smart completions in VS Code, instant server startup in CLI, and bulk operations in GraphQL Theme API.
• A new CLI tool was released to address missing environment variable functionality in Shopify Extensions, enhancing security and scalability for developers.
• Shopify released a WebXR demo of 'Shopify Black Friday' for Meta Quest and Vision Pro users.

• Shopify Developers introduced optional scopes for apps, allowing different scope sets for each store at runtime.
• Shopify now allows merchants to issue refunds to a gift card for receipt-less returns.
• Shopify updated its POS system to allow staff to collect and view customer information like birthdays and pet breeds to enhance in-store service.

👔 Shopify CEO, Management and Leadership Team

• Kaz Nejatian

  
  Chief Operating Officer
  [email protected]

• Zuha Qazi

  
  Chief of Staff to CFO
  [email protected]

• Tia Silas

  
  Chief People Officer
  [email protected]

• Kate Royer

  
  Chief of Staff
  [email protected]

• Bobby Morrison

  
  Chief Revenue Officer
  [email protected]

• Stewart Jones

  
  Chief of Staff to the President, Shopify
  [email protected]

• Kyle Horne

  
  Shopify Engineer & Military Officer
  [email protected]

• Nikunj Suthar

  
  CEO • Sibyll Software Pvt. Ltd. • CTO • Webinopoly Inc. • Shopify Expert & Consultant • We need to change the way organizations talk, listen and share on the web.
  [email protected]

• Harley Finkelstein

  
  Shopify President
  [email protected]

• Josh Rice

  
  Vice President
  [email protected]

• Mattie Toia

  
  Vice President of Infrastructure
  [email protected]

• Derek Kan

  
  Vice President
  [email protected]

• Rukmani Subramanian

  
  Vice President, Revenue Operations
  [email protected]

• Tobias Lutke

  
  CEO, Shopify
  [email protected]

• Fidji Simo

  
  CEO and Chair
  [email protected]

• Liat Zakay

  
  CEO & Founder Donde Search (acquired by Shopify)
  [email protected]

• FODILULLAHI AGBOOLA

  
  Founder/CEO of Fluzonix
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• Stephany Nielsen

  
  Expansion Pack to Chief Financial Officer
  [email protected]

• Gustavo Velarde

  
  Office of the COO, Business Performance
  [email protected]

⚔️ Shopify Alternatives and Competitors

• BigCommerce
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• Salesforce
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• Oracle
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• SAP
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• eComchain
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• Kibo
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• Intershop
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• Adobe
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• Shift4Shop
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• Squarespace
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• Wix
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• GoDaddy
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• Hostinger
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• Ecwid
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• WooCommerce
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• PrestaShop
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• Square
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• Big Cartel
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• CoreCommerce
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• Magento
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• PinnacleCart

💼 Shopify Hiring and Layoffs

• A new member has joined Shopify's board of directors, drawn by the company's significant impact on global commerce and its technical achievements.
• Sunitha Ray joined Shopify as Field Chief Technology Officer in the United States, previously holding a position at another company.
• Brandon Ghaeli has left Shopify as Director, Global Incubation Sales (GTM) in Canada to become the CEO of Iris Booth.
• Farhan Thawar, VP and Head of Engineering at Shopify, leads over 1,000 engineers and emphasizes a high-intensity culture with practices like pair programming.
• Judith van Dijk has joined Shopify as EMEA Marketing Director in the United Kingdom, previously serving as Fractional CMO at DJfan.

• Jason Winnie has left Shopify as Senior Director of Operations in the United States to join GroWrk as Vice President of Global Operations.
• Stephanie Mace has joined Shopify as Lead, Partner Management in the United States, previously serving as Vice President at One Rockwell.
• Morghan Golofaro has joined Shopify as Director, Global SI Partnerships in the United States, previously serving as Head of Partnerships, Americas at commercetools.

🤖 Shopify Developer, Integration and Automation News

• Shopify partners with Operation HOPE to provide program grants and resources to selectees at Albany State University.
• Shopify powered the launch of Skims' NYC flagship store, created by Kim Kardashian.
• Shopify is collaborating with Perplexity to integrate its merchants and products into the Perplexity Shopping experience, including support for 'Shop Pay' checkout.
• Shopify has partnered with global digital agency DEPT® to offer integrated commerce solutions using technology and AI to support business growth.
• On November 30, Shopify became the first brand to partner with Sphere to display real-time data visualization on the Exosphere, showcasing live merchant sales during Black Friday.

• On October 31, 2024, Shopify partnered with Coveo to enhance AI search and commerce experiences for its enterprise customers.
• Shopify has updated its financial services by partnering with Stripe Payments Company and Fifth Third Bank for account services, offering a variable APY reward on Balance accounts, and providing cashback rewards for purchases made with Shopify Balance Visa® Commercial Credit cards.
• JB Hi-Fi chose Shopify Plus as its long-term commerce partner to enhance its ecommerce strategy and improve site performance, achieving record-breaking sales during Black Friday Cyber Monday.

📈 Shopify Financials, Fundraising and Valuation News

• Shopify's shares surged 25% after it forecasted higher-than-expected fourth-quarter sales growth due to its use of AI-powered tools attracting more merchants.
• Shopify is set to report its Q3 earnings on November 12, with analysts expecting $0.28 EPS and $2.15 billion in revenue, amid a nearly 10% stock rally this month.
• Shopify achieved $11.5 billion in global sales during the BFCM weekend, a 24% increase from last year, with over 76 million people purchasing from Shopify-powered brands.
• Shopify's GMV increased by 24% year over year in Q3 2024, marking the fifth consecutive quarter of growth, according to President Harley Finkelstein.
• Shopify CEO Tobi Lütke joined Peter Thiel's Valar Ventures in a C$360 million fundraising round for Neo Financial Technologies.

• Jim Cramer recommends buying Shopify as it reported a 22% year-over-year increase in gross merchandise value to $67.2 billion in the second quarter.

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