Company Directory - Shopify Inc.
Company Details - Shopify Inc.
Shopify Inc.
WebsiteOttawa, Canada
ISIN: CA8284991082
175 Locations
Shopify is a Canadian e-commerce company that allows anyone to set up an online store and sell their products.
CCI Score
CCI Score: Shopify Inc.
-26.20
0.02%
Latest Event
Shopify CEO Memo Restricts New Hires Based on AI Feasibility
Shopify CEO Tobi Lütke circulated a memo requiring teams to demonstrate that they cannot accomplish work using AI before requesting additional headcount. This directive raises concerns about undermining worker security and limiting job growth by pressuring teams to substitute human labor with automated processes.
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ACCOMPLICE
Shopify Inc. is currently rated as an Accomplice.
Latest Events
- MAR312025
Shopify CEO Tobi Lütke circulated a memo requiring teams to demonstrate that they cannot accomplish work using AI before requesting additional headcount. This directive raises concerns about undermining worker security and limiting job growth by pressuring teams to substitute human labor with automated processes.
- FEB252025
Shopify removed webpages for key diversity programs such as Build Native, Build Black, Social Impact and Empowered by Shopify, leading to the departure of several employees and drawing condemnation from nearly 400 tech leaders concerned about the company’s commitment to equity and inclusion.
-70
Labor Relations and Human Rights Practices
April 7
By dismantling established diversity initiatives and allowing key social-impact programs to fade—resulting in layoffs of senior inclusion staff and ending partnerships with marginalized communities—Shopify has significantly undermined its commitment to labor rights and human rights practices. This rollback signals a profit-first approach that depreciates support for marginalized groups, prompting widespread public and industry condemnation.
Hundreds of tech leaders condemn Shopify diversity rollbacks, defend DEI in open letter
- DEC312024
Shopify disclosed spending $240,000 on lobbying in Q4 2024. The lobbying effort focused on issues such as small business and corporate tax reform, promoting the growth of independent small businesses in the digital economy, enhancing online government resources, modernizing small business grants, combating counterfeit online sales, consumer privacy, reforming intellectual property rights, market competition in credit card routing, and supporting progressive labor initiatives like the NO BOSS Act.
+50
Political Contributions and Lobbying Efforts
April 7
The disclosed $240,000 lobbying expenditure in Q4 2024 indicates Shopify's active engagement in shaping policy debates. The issues covered, such as support for small business growth, progressive labor reforms (e.g., the NO BOSS Act), and consumer privacy, position the company as advocating for policies that support marginalized groups and small business interests. This aligns with anti-authoritarian, progressive values, earning a positive score in the Political Contributions and Lobbying Efforts category.
Lobbying Update: $240,000 of SHOPIFY INC lobbying was just disclosed
- NOV202024
Shopify is facing criticism for hosting an online store that sells antisemitic merchandise, including Holocaust-denial content, under its updated acceptable use policy which removed previous bans on hateful content. Critics argue that this decision has enabled the spread of hate propaganda on the platform.
-50
Business Practices and Ethical Responsibility
April 7
Shopify's updated acceptable use policy, which removed provisions banning hateful content, has enabled a store to market antisemitic and Holocaust-denial merchandise, reflecting a concerning lapse in ethical corporate responsibility.
Shopify faces backlash for hosting store selling antisemitic merchandise
-40
Technology and Services Impact
April 7
By allowing its platform to be used to propagate antisemitic propaganda, Shopify contributes to the dissemination of hate speech. The technological infrastructure that enables the spread of such content raises serious concerns about the company’s impact on media influence.
Shopify faces backlash for hosting store selling antisemitic merchandise
- NOV192024
Shopify is under fire for its free speech policy after hosting an online store selling apparel and accessories featuring Holocaust denial and antisemitic propaganda, challenging the balance between free expression and hate speech.
-60
Media Influence and Propaganda
April 7
By permitting a store that markets Holocaust denial and antisemitic imagery, Shopify's policy indirectly enables the spread of extremist propaganda. This leniency in content moderation tests the limits of their free speech ethos and can contribute to the normalization of hate, undermining efforts to uphold anti-fascist values and protect marginalized communities.
Holocaust Denial Merch Tests Shopify’s Free Speech Ethos (1)
- APR052024
On April 5, 2024, Shopify published a blog article outlining actionable strategies for ecommerce sustainability, emphasizing ethical sourcing, fair labor conditions, and community investment as integral to a responsible supply chain.
+80
Supply Chain Ethics
March 29
The article outlines sustainable practices that emphasize ethical sourcing, fair labor standards, and community investments. These measures align with a commitment to social responsibility and supply chain ethics, positively impacting vulnerable communities through improved labor conditions and environmental stewardship.
Ecommerce Sustainability: How To Embrace Responsible Retail (2024)
- JAN012024
Shopify presented at Business of Fashion’s summit on 'How to Build a Responsible Fashion Business', focusing on labor rights and ethical supply chain practices. The discussion highlighted the systemic challenges faced by garment workers, particularly in the global south, and emphasized the urgent need for enforceable regulatory changes to protect vulnerable workers.
+40
Executive Political Engagement
March 29
Shopify’s participation in a high-profile summit demonstrates executive-level, public political engagement. By using its platform to address labor rights, the company shows a willingness to take a stand on issues affecting vulnerable workers, aligning with anti-authoritarian values.
+60
Labor Relations and Human Rights Practices
March 29
By featuring discussions on the plight of garment workers and the need for improved labor conditions, Shopify reinforces its commitment to advancing labor rights and protecting vulnerable communities. This event underscores a positive stance against exploitative practices in global supply chains.
+50
Supply Chain Ethics
March 29
The summit also addressed issues of supply chain ethics by drawing attention to the opaque and exploitative practices within the fashion industry. Shopify’s role in facilitating these discussions signals a commitment to promoting transparency and ethical sourcing.
- JAN012024
OpenSecrets data reveal that during the 2024 cycle, Shopify spent $910,000 on lobbying and a significant proportion of its lobbyists had previously held government positions. This revolving door dynamic raises concerns about undue corporate influence over policy-making.
-40
Political Contributions and Lobbying Efforts
April 7
Shopify's lobbying expenditure of $910,000 in the 2024 cycle, combined with the fact that many of its lobbyists previously held government positions, points to active political behavior that risks corporate capture and undermines democratic accountability.
-30
Executive Political Engagement
April 7
The profile shows that a high proportion of Shopify's lobbyists have previously held government jobs, illustrating a revolving door that can amplify undue corporate influence in policy-making, a factor of concern from an anti-authoritarian perspective.
- DEC192023
An article published on December 19, 2023, outlines how Shopify merchants can leverage Print on Demand (POD) and ethical sourcing to promote transparency, sustainability, and responsible supply chain practices. The guide highlights the benefits of collaborating with ethically-certified suppliers and addressing environmental and labor concerns, empowering merchants to build a strong, ethical brand reputation.
+60
Supply Chain Ethics
March 29
The article emphasizes ethical sourcing and transparency in supply chains, encouraging Shopify merchants to partner with suppliers who adhere to fair labor and environmental standards. This guidance supports responsible business practices and aligns with anti-fascist values by promoting accountability and ethical labor practices.
- SEP082023
Shopify engaged consultant Rick Roth of Global Public Affairs Inc to lobby the federal government on Canada's digital economy strategy and science, technology, and innovation policies aimed at supporting entrepreneurs and small business. The filing, registered on September 8, 2023, underscores the company's active effort to shape public policy.
-30
Political Contributions and Lobbying Efforts
April 7
Shopify's action of hiring a lobbyist to influence federal policy on digital economy issues, while framed as supporting entrepreneurs and small businesses, is a clear instance of corporate political engagement. Such actions can skew policy-making in favor of corporate interests, thereby reinforcing oligarchic influence and undermining transparent democratic processes.
Shopify lobbying feds on ‘Canada’s digital economy strategy,’ tech policies
- JUL032023
A $130M class-action lawsuit has been launched against Shopify after approximately 20% of its workforce was laid off in May and employees allege the company provided a significantly reduced severance package, breaching their contractual agreements.
-80
Labor Relations and Human Rights Practices
April 7
The lawsuit alleges that Shopify deliberately reduced severance compensation for laid-off non-unionized employees, violating contracts and undermining labor rights. This action reflects negatively on the company's adherence to fair labor practices and ethical responsibility towards its workers.
- MAY302023
A class action lawsuit alleges that Shopify reversed its promised severance packages for employees laid off in May 2023. According to the lawsuit, workers who accepted originally substantial severance offers were then presented with significantly lower amounts, prompting legal action over fair labor practices.
-50
Labor Relations and Human Rights Practices
April 7
The allegations indicate that Shopify undermined fair labor practices by reneging on previously promised severance packages. This breach of trust and deteriorating treatment of laid-off employees highlights a disregard for worker rights and ethical labor relations, a key concern from an anti-fascist perspective.
Shopify faces class action as recently laid-off staff allege it reneged on severance offers
- MAY302023
Shopify Inc. is facing a class action lawsuit alleging that it reduced previously promised severance packages for laid-off employees, offering significantly lower payouts than initially agreed upon, which has led to legal action and claims of breach of contract.
-70
Labor Relations and Human Rights Practices
March 29
The lawsuit alleges that Shopify reneged on its promised severance packages for laid-off employees by reducing the amounts after the workers had already accepted the original, more generous offers. This action undermines worker rights and fair labor practices, reflecting a disregard for ethical labor standards and contributing to corporate practices that harm vulnerable workers.
Shopify layoffs: Company faces class action over severance offers
- MAY302023
A $130-million class-action lawsuit has been launched against Shopify, alleging that the company unlawfully reduced severance packages for employees following a mass layoff that cut 23% of its workforce, thereby breaching initially agreed-upon terms.
-60
Labor Relations and Human Rights Practices
March 29
The lawsuit accuses Shopify of deliberately reducing severance packages, reneging on initial agreements and undermining worker rights. Such actions exhibit poor labor relations and disregard for fair treatment of employees, negatively impacting marginalized worker communities and aligning with exploitative business practices.
- MAY302023
In May 2023, a class action lawsuit was launched against Shopify alleging that the company reneged on initially generous severance packages offered to laid off workers, resulting in significantly reduced compensation and claims of breach of contract.
-70
Labor Relations and Human Rights Practices
April 7
The lawsuit accuses Shopify of undermining its workers' rights by altering promised severance benefits after layoffs, reflecting exploitative labor practices and breach of contract which undermine fair treatment in the workplace.
Laid off Shopify workers launch class action suit over misleading severance packages
- MAY302023
A class action lawsuit alleges that Shopify reneged on its initial severance offers to laid off employees, replacing them with substantially lower amounts after employees accepted the original offers.
-70
Labor Relations and Human Rights Practices
March 29
The lawsuit claims that Shopify, after employees accepted an initially offered severance package, later reduced the amount significantly, undermining worker rights and fair labor practices. This action reflects poorly on the company's commitment to ethical treatment of its employees and is seen as exploitative of labor, which is detrimental to marginalized workers.
Shopify faces class action as recently laid-off staff allege it reneged on severance offers
- MAY042023
Following the layoff of 20% of its workforce earlier this month, Shopify is now facing a $130 million class-action lawsuit. Terminated employees allege that after accepting an initial severance package, the company unilaterally reduced the amounts through a second offer, undermining contractual agreements and worker rights.
-80
Labor Relations and Human Rights Practices
March 29
The lawsuit and allegations indicate a serious breach of fair labor practices. Terminated employees claim that Shopify deliberately reneged on agreed severance terms by imposing reduced offers under pressure, demonstrating a disregard for worker rights and ethical business practices.
Recently laid off Shopify employees file $130 million class-action lawsuit
- MAY182022
Shopify is ramping up its government affairs teams in the US and Europe by recruiting experienced lobbyists, an effort that reflects its intention to influence policy-making at a time when lawmakers are targeting tech giants.
-30
Political Contributions and Lobbying Efforts
April 7
Shopify's initiative to significantly expand its government affairs teams and hire experienced lobbyists is a clear example of the company deepening its political influence. In an environment where elected officials in both the US and EU are pushing for stricter regulations on tech companies, this move can be interpreted as an effort to protect corporate interests over public accountability, a tactic that aligns with authoritarian-friendly corporate practices.
Shopify ramps up lobbying presence in Washington, Brussels as lawmakers take aim at tech
Alternatives
Hangzhou, China
-31.95
Tokyo, Japan
16.40
Corporation
-3.25
Nuremberg, Germany
64.82
Tinton Falls, USA
59.89
Zug, Switzerland
58.48
Windsor, United States
54.13
Boston, USA
43.10
San Francisco, United States
34.31
Dublin, Ireland
16.53
Corporate Financials
- Revenue
- 2024
- $3.00B
- Total Assets
- 2024
- $4.00B
- Operating Income
- 2024
- $500.00M
- Total Equity
- 2024
- $1.80B
Employees: 7,000
Industries
- 518210
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
- 532420
- Office Machinery and Equipment Rental and Leasing
- 541511
- Custom Computer Programming Services
- 541512
- Computer Systems Design Services
- 511210
- Software Publishers
- 454110
- Electronic Shopping