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Shopify CEO decries consumerism as e-commerce sales fuel company's record revenue

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Shopify Inc. chief executive Tobi Lütke admitted he was probably off on a tangent while talking to analysts on a conference call on Wednesday, after his firm’s quarterly earnings update showed massive sales gains that dwarfed expectations. But if what he was saying was tangential, it was interesting: a secular homily, of sorts, on the ills of consumerism.
“Consumerism,” he said, “is not a thing that exists because people love buying things. It exists because people hate the things that they get to buy.”
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Paul Treiber , Chris Silvestre , Justin Tang , Mark Zgutowicz , Amy Shapero , Pty Ltd , Shopify Inc , Postmedia Network Inc , Dominion Securities Inc , Canadian Press File , Veritas Investment Corp , Veritas Investment , Rosenblatt Securities , Postmedia Network , Street East , கிறிஸ் சில்வெஸ்ட்ரே , ஜஸ்டின் டாங் , ப்டி லிமிடெட் , ஷொபிபி இன்க் , ஆதிக்கம் பத்திரங்கள் இன்க் , கனடியன் ப்ரெஸ் கோப்பு , வெரிடாஸ் முதலீடு கார்ப் , வெரிடாஸ் முதலீடு , ரோசன்ப்ளாட் பத்திரங்கள் , தெரு கிழக்கு ,

Shopify CEO decries consumerism as sales fuel record revenue

Article content
Shopify Inc. chief executive Tobi Lütke admitted he was probably off on a tangent while talking to analysts on a conference call on Wednesday, after his firm’s quarterly earnings update showed massive sales gains that dwarfed expectations. But if what he was saying was tangential, it was interesting: a secular homily, of sorts, on the ills of consumerism.
“Consumerism,” he said, “is not a thing that exists because people love buying things. It exists because people hate the things that they get to buy.”
We apologize, but this video has failed to load.
Try refreshing your browser, or ....

British Columbia , Paul Treiber , Chris Silvestre , Justin Tang , Mark Zgutowicz , Amy Shapero , Pty Ltd , Shopify Inc , Postmedia Network Inc , Dominion Securities Inc , Canadian Press File , Veritas Investment Corp , Veritas Investment , Rosenblatt Securities , Postmedia Network , Street East , பிரிட்டிஷ் கொலம்பியா , கிறிஸ் சில்வெஸ்ட்ரே , ஜஸ்டின் டாங் , ப்டி லிமிடெட் , ஷொபிபி இன்க் , ஆதிக்கம் பத்திரங்கள் இன்க் , கனடியன் ப்ரெஸ் கோப்பு , வெரிடாஸ் முதலீடு கார்ப் , வெரிடாஸ் முதலீடு , ரோசன்ப்ளாட் பத்திரங்கள் ,

Shopify's Growth Path Is the Biggest Unknown as Valuation Soars

With a market value of almost US$180 billion, Shopify trades at 35 times estimated 2022 sales ....

Elon Musk , Danielle Bochove , Chris Silvestre , Keith Weiss , Donald Trump , Samad Samana , Harley Finkelstein , Morgan Stanley , Facebook Inc , Shopify Inc , Postmedia Network Inc , Paypal Holdings Inc , Veritas Investment Research Corp , Biggest Unknown , Valuation Soars , Wall Street , Paypal Holdings , President Harley Finkelstein , Veritas Investment Research , Postmedia Network , Street East , கிறிஸ் சில்வெஸ்ட்ரே , கேய்ட் வெயிஸ் , டொனால்ட் துருப்பு , சமத் சமனா , ஹார்லி ஃபிஂகல்ஸ்டீந் ,

Tobi vs. Goliath: How Shopify is bracing for a looming battle with Amazon

The Globe and Mail
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Alia Youssef/The Globe and Mail
After the year Shopify Inc. has had, you might expect its co-founder and CEO Tobi Lutke to sound a little…cheerier.
Riding a global surge in pandemic-related e-commerce traffic, Shopify – which makes the software used by more than a million merchants to sell their products online – surpassed Royal Bank of Canada to become Canada’s most valuable company. It now has a market capitalization of US$177-billion, making it only the second Canadian tech company, after Nortel Networks, to reach such heights. It raised billions of dollars from stock sales last year and even posted a rare quarterly profit of US$191-million in October on third quarter on revenues ....

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