Shopify is the latest company to announce a stock split ...Middle East

Quartz - Economy
Shopify is the latest company to announce a stock split
source : Quartz ( Middle East ) () 39
Ecommerce platform Shopify is the latest company to announce a stock split. The Ottawa-based firm said Apr. 11 it would move ahead with a 10-for-1 split, also creating a special provision that allows founder and CEO Tobi Lutke to preserve his voting power. Planned for June 22, the split is the first in the company’s history.Shopify’s revenue surged after the pandemic forced businesses online, sending its value soaring. The company’s platform is a one-stop shop for setting up internet stores, with tools to do everything from accepting credit card payments, managing inventory and creating shipping labels. “The shift to digital commerce has been supercharged over the last two years,” said Rober

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