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   Technology StocksShopify Inc (SHOP: NASDAQ) SHOP.TO


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To: IceHawk who wrote (9)10/5/2017 10:15:43 AM
From: ggamer
   of 14
 
Not sure why the company management is not our defending the company? I am a user of this company for the past year and I have been very happy with their product and service. They have extremely knowledgeable and friendly reps and every day their are trying to make their product better. I bought more shares yesterday but I am disappointed that the company is not out in media defending themselves. Unless I missed it.

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From: IceHawk10/5/2017 12:00:57 PM
   of 14
 
Shopify fires back after short-seller’s attack


:

The Shopify sign is seen at its Toronto offices.

FRED LUM/THE GLOBE AND MAIL

SEAN SILCOFF
OTTAWA
15 MINUTES AGO OCTOBER 5, 2017

Shopify Inc. has fired back a day after an American short-seller attacked the Ottawa e-commerce software company's business model and marketing practices and said the stock was vastly overvalued, causing the stock to plunge.

"We vigorously defend our business model and stand resolutely behind our mission and the success of our merchants," the company said in a brief statement on its website that did not directly address the accusations in a note and video posted Wednesday by Beverly Hills, Calif.-based Citron Research.

Shopify stock was trading down about 4 per cent on the New York Stock Exchange just before noon. The shares fell 11 per cent the day before.

Citron's managing editor Andrew Left, who is shorting Shopify stock, alleged Shopify's business was "dirtier than Herbalife" and said the Ottawa-based company had "mastered the good ol' get-rich-quick scheme." Herbalife is a multilevel marketing company that sells nutritional and weight-loss products, and which agreed to pay $200-million (U.S.) in a settlement with the U.S. Federal Trade Commission (FTC) after being accused of pyramid-scheme practices.

Mr. Left – who has been called the "the shock jock of short -sellers" because of his incendiary attacks on publicly traded companies whose stocks he has shorted – commended Shopify's technology, which enables merchants to set up and run online stores over the Internet. But he said Shopify's "dirty little secret" is an affiliate marketing program that allows third-party promoters to earn commissions for persuading new merchant customers to sign up.

Affiliate marketing is a common online selling practice, giving individuals and businesses a cut of money made from online purchases if they've helped direct the buyer to that product, typically through reviews or blogs. Some affiliate marketers are mainstream celebrities or social-media personalities and established companies including Amazon also use the practice

However, affiliate marketing has drawn recent scrutiny from the FTC, which warned in a blog post last month that many such marketers put out "exaggerated claims or misleading information to get people to click. They may say anything to get you to click on their ad because they have an incentive – getting paid."

Shopify offers its 13,000 affiliate partners the equivalent of the first two months of a new customer's monthly fee once new merchants they refer sign on to its platform. Customers pay monthly subscription fees starting at $29 to use Shopify's cloud-based software .

Mr. Left, whose note was long on accusations but short on detail, also alleged that Shopify improperly promotes the notion that its merchants can become millionaires, that third-party affiliates do not disclose they are compensated by Shopify and that most of Shopify's customers are not true merchants but "people who are buying a system" to make money online. He argued those and other practices would face FTC scrutiny.

Mr. Left also claimed Shopify stock was worth just over half of its value as of Tuesday. Shopify has been a top performer on both the Toronto Stock Exchange and the New York Stock Exchange, nearly tripling in value in the past year and trades at a substantial premium to other subscription software providers.

In its statement, Shopify said it is helping to enable the growth of entrepreneurship by making it as easy as possible "to enable anyone, anywhere, to build, grow and scale a business." It noted more than 131 million consumers have made purchases from a Shopify store in the past year. But Shopify did not otherwise address the allegations raised by Citron and Mr. Left.

National Bank of Canada analyst Richard Tse said in a research note "we can't unequivocally rule out that this negative report will not surface some regulatory scrutiny even if we think it's remote." He said any issues would stem from a group of "transient subscribers who do not represent a meaningful portion of value for Shopify."

However, he said "in the short-term, there's little doubt it will weigh on the stock despite what we believe to be an unchanged fundamental outlook," noting Shopify's annualized revenue per merchant customer has been rising and that the business appears to be on track to meet its target of becoming profitable by the fourth quarter. The weakness in the stock "opens up a window for long term investors" to buy, he said.

Mr. Left has made a name for himself targeting publicly traded firms he accused of engaging in fraudulent tactics, being overvalued or both. His best-known target was Valeant Pharmaceuticals International Inc., which he compared to Enron Corp. in 2015 before its rapid descent.


https://beta.theglobeandmail.com/report-on-business/shopify-fires-back-after-short-sellers-attack/article36498524/?ref=http://www.theglobeandmail.com&



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From: IceHawk10/5/2017 12:02:50 PM
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Investor Relations

October 5, 2017

Entrepreneurship is on the decline, and Shopify is committed to fighting this trend.

Shopify’s growing community of entrepreneurs includes makers, creators and innovators, from students trying to pay for school to merchants who have successfully scaled their businesses.

Shopify has always strived to take the path that leads to more entrepreneurs by designing its platform to remove the technical, operational, and financial barriers to enable anyone, anywhere, to build, grow, and scale a business.

Some numbers on Shopify helping businesses start, succeed and scale:

Every 90 seconds a store using Shopify makes their first sale

A LOT of people buy from stores that use Shopify: over 131 million consumers have bought from a store using Shopify in the last 12 months

Stores using Shopify generated $10.7 billion USD in gross merchandise volume in the first half of 2017

We vigorously defend our business model and stand resolutely behind our mission and the success of our merchants.




https://investors.shopify.com/Home/default.aspx



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From: IceHawk10/11/2017 8:16:58 PM
   of 14
 
Chief Executive Tobi Lutke said on Twitter on Tuesday that he would respond to Left's claims on the company's next earnings call, which is expected the week of Oct. 30.

"Lots of people want me to address the short-selling troll thats targeting $SHOP. Looking forward to next earnings calls to do so"

Tobi Lütke @tobi
CEO by day, Dad in the evening, hacker at night. - Rails Core alumni; Author of ActiveMerchant, Liquid. Comprehensivist

tobi.lutke.com

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From: IceHawk10/18/2017 11:39:38 AM
   of 14
 
Shopify and DHL Express Partner to Empower Small Businesses to Go Global


October 18, 2017
PDF ()
New partnership brings two- to five-day international express shipping to hundreds of thousands of merchants

OTTAWA, Ontario & PLANTATION, Fla.--(BUSINESS WIRE)-- Shopify Inc. (NYSE: SHOP) (TSX: SHOP), the leading multi-channel commerce platform, and DHL, the world’s leading international express services provider, today announced a new partnership to help small businesses access global markets. Shopify will be adding DHL Express as a new international carrier to Shopify Shipping, helping hundreds of thousands of U.S. small businesses increase sales around the globe through lower shipping rates. These rates enable small businesses to more easily compete with large companies and marketplaces, and were previously available only to enterprise customers.

This press release features multimedia. View the full release here: businesswire.com

“For smaller businesses and startups today, the potential field of customers is not just local – it’s global,” said Cristian Vera, VP of Sales for DHL Express Americas. “Those on the Shopify Shipping platform can now access the growing global marketplace and take their business to new heights by shipping their products to any of the 220 countries and territories we serve.”

Shopify Shipping simplifies commerce by enabling businesses to easily manage all aspects of their shipping and fulfillment directly within Shopify. DHL Express will now be natively integrated into the Shopify platform, joining existing partnerships with USPS and Canada Post, to minimize costs and simplify fulfillment workflows for busy entrepreneurs. Shopify businesses currently ship millions of packages a month, and more than 10% of those are sent internationally.

“This partnership with DHL Express lets small businesses ship like enterprise companies: with fast, premium delivery, lower rates and a global brand consumers trust and choose at checkout,” said Maia Benson, Global Head of Shipping for Shopify. “With Shopify’s massive scale, powering more than 500,000 businesses, we’re able to work with global shipping powerhouses to offer this premium solution to the small business owner.”

Shopify Shipping and DHL Express will offer a wide variety of features to help businesses more easily ship their products around the world, including:

    Fast shipping: customers receive packages within two to five business days, and can track them anywhere in the world Competitive international rates: special, negotiated shipping rates with no minimum shipping volumes or subscription required Free DHL Express pickups: can be scheduled through Shopify, for any number of packages Expansive global coverage: delivery to more than 220 countries and territories worldwide One-stop shop: Shopify Shipping enables merchants to manage all their shipping needs in one place
DHL Express for Shopify Shipping is available today for businesses in the United States. For more information, visit: cts.businesswire.com

About Shopify
Shopify is the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations, and pop-up shops. The platform also provides merchants with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Shopify currently powers over 500,000 businesses in approximately 175 countries and is trusted by brands such as Red Bull, Nestle, GE, Kylie Cosmetics, and many more.

About DHL – The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 350,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 57 billion euros in 2016.





View source version on businesswire.com: businesswire.com

Source: Shopify Inc.


Shopify Inc.

MEDIA:

Erika Strong, 416-238-6705 x 302

Product Public Relations

press@shopify.com

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