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 launched new retail-first customer segments to help businesses target customers based on proximity to retail locations and sales channels.
• Shopify has launched the first Liquid RFCs to improve array handling and add JSDoc-like functionality as of November 15, 2024.
• Shopify merchants can now add background images and logos to opt-in forms on PushOwl.
• Brizy launched a new landing page builder called Brizy for Shopify, allowing Shopify store owners to create visually appealing storefronts using a drag-and-drop interface.
• Shopify POS now includes a new kitchen display screen (KDS) from SimmerPOS as of November 7.

• The new Convert Shopify app now offers a streamlined API-based integration for A/B testing with one-click installation and enhanced tracking, following Shopify's infrastructure updates and the deprecation of checkout.liquid.
• Shopify now includes shipping insurance up to $200 for Managed Markets labels purchased from the admin, with an option to buy additional insurance up to $5000.
• Shopify has rebranded its financial services to 'Shopify Finance' and updated its checkout customization feature.

👔 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
|
• 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.
• Shopify has hired Mikhail Parakhin, former Microsoft AI executive, as its new chief technology officer.
• 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.
• Archie Abrams, VP of Product and Head of Growth at Shopify, leads a 600+ person team that focuses on optimizing for churn and a 'hundred-year mindset' by prioritizing intuition over metrics.
• Paul Stepnowsky has joined Shopify as Director, Associate General Counsel, Investigations in the United States, previously serving as RL Trust Strategy Director at Meta.

🤖 Shopify Developer, Integration and Automation News

• 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.
• 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 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.
• 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.
• 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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