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Shopify Inc
Symbol SHOP
Shares Issued 1,205,846,069
Close 2023-11-27 C$ 100.51
Market Cap C$ 121,199,588,395
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Globe says two former Shopify players bolster BetaKit

2023-11-28 08:11 ET - In the News

The Globe and Mail reports in its Tuesday edition that two former Shopify executives are set to become the majority shareholders of tech-industry publication BetaKit and establish a new advisory board to maintain the Canadian media outlet's editorial independence. The Globe's Temur Durrani writes that Good Future, a Toronto-based venture fund and philanthropic foundation led by husband-and-wife duo Arati Sharma and Satish Kanwar, has signed a partnership to hold the controlling interest in BetaKit. Mr. Kanwar will become interim chief executive officer and chair of the board at BetaKit, while Ms. Sharma is joining its group of business advisers to work on its "brand direction." Douglas Soltys, who has managed BetaKit for nearly a decade, will remain the publication's editor-in-chief. Good Future will provide BetaKit with capital for growth. Ms. Sharma and Mr. Kanwar would not reveal any figures for their investment, but said it would be utilized for enhanced editorial offerings, subscriber benefits and community initiatives. BetaKit was founded in early 2012 by tech entrepreneurs Sarah Prevette and Erin Bury, operating under Postmedia. A year later, BetaKit was shut down abruptly, and Ms. Prevette left Postmedia.

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