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 introduced a new feature allowing retailers to use automations to cancel or hold high fraud risk orders before they reach suppliers.
• Shopify has introduced new apps like Rocket IP & Country Blocker and Kraft - Products, focusing on security and SEO enhancements.
• Shopify now offers an AI-powered Virtual Try-On software for e-commerce apps developed in collaboration with Theta Network and KAIST AI Lab.
• Shopify has launched Tap to Pay on Android, allowing smartphones to be used as point of sale devices for contactless payments.
• Shopify store owners can now set up instant order notifications using webhooks and Home Assistant to send alerts to Telegram and Google Hub.

• Shopify has reduced the minimum order value from $50.00 to $40.00.
• Shopify launched its POS system at the Hairhouse Bondi Junction store on October 11.
• Prefixbox has launched its AI Search & Filter solution on the Shopify App Store, enabling retailers to enhance product search and discovery.

👔 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

💼 Shopify Hiring and Layoffs

• Brandon Ghaeli has left Shopify as Director, Global Incubation Sales (GTM) in Canada to become the CEO of Iris Booth.
• Shopify has hired Mikhail Parakhin, former Microsoft AI executive, as its new chief technology officer.
• Andrew McNamara has joined Shopify as Director, Applied ML Engineering in Canada, previously serving as Director of Applied Research & Engineering, Bing Multimedia at Microsoft.
• Shopify is currently hiring for the position of Revenue Operations Lead in the United States.
• Shopify is currently hiring for the position of Ventures Principal in Corporate Development Management, located in the Americas.

• Yuri Genyk has joined Shopify as a Product Lead in the United States, previously serving as Head of Product at Lendtable.

🤖 Shopify Developer, Integration and Automation News

• 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.
• MeUndies has joined Shopify to enhance their commerce experience with greater flexibility and scalability, as announced by Shopify President Harley Finkelstein.
• Shopify now accepts Euro and Swiss Franc stablecoins in over 4 million stores worldwide through a partnership with Helio.
• Shopify is partnering with Meta to enhance AI's ability to generate 3D digital twins by making over 7,000 digital twins available through an academic competition, as stated by Matt Koenig, a product lead at Shopify.
• Shopify and Operation HOPE aim to help start, grow, and scale one million Black businesses in the US and Canada by 2030.

• Shopify announced a new partnership with a DTC tea brand to fight climate change.
• Shopify announced a new partnership with Roblox on September 6, 2024.
• Shopify announced a new commerce collaboration with Deloitte and Oracle at CloudWorld 2024.

📈 Shopify Financials, Fundraising and Valuation News

• Publicis Groupe España acquired Shopify Plus Partner 3dids.com to enhance their e-commerce capabilities in Spain.
• Shopify stock surged 21% in August after delivering an outstanding second-quarter earnings report with a 21% year-over-year revenue increase.
• 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.
• As of September 25, more women than men (54% vs. 46%) run businesses on Shopify, with women-owned businesses growing 94% faster than male-owned ones between 2019 and 2023.
• Kyle Bigley reported that 75% of uninstalled Shopify stores in the last 30 days were deactivated closed stores.

• Shopify invested $100K in Carbon Lock Tech to support their biochar technology for carbon removal.
• Shopify's revenue grew by 25% in the second quarter of 2024, and it has penetrated 15% of retail business in North America, 11% in the Asia-Pacific region (excluding China), and 10% in Europe, Africa, and the Middle East.
• Shopify reported a significant increase in sales for cookie decorating kits (+947%), pastry blenders (+370%), and cooling racks (+90%) in August.

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