10:22:14 EST Tue 25 Nov 2025
Enter Symbol
or Name
USA
CA



Shopify Inc
Symbol SHOP
Shares Issued 1,222,889,299
Close 2025-11-24 C$ 219.14
Market Cap C$ 267,983,960,983
Recent Sedar Documents

Globe says Shopify fires staff over inflated numbers

2025-11-25 07:14 ET - In the News

The Globe and Mail reports in its Tuesday, Nov. 25, edition that Shopify fired several employees for inflating sales figures, coinciding with key departures, but claims this had no impact on financial results. The Globe's Irene Galea writes that Shopify said that last summer, a "very small, single-digit number of salespeople misrepresented the scope of products they had sold." Shopify spokesman Ben McConaghy said: "We immediately investigated, fired them, and strengthened our systems. This had no impact on our financials and the issue is closed." The Logic reported on the sales fraud Monday, saying it lasted more than a year and sparked an internal investigation. Fraud emerged due to aggressive sales targets for Shopify employees and a commission-tracking system that enabled them to inflate account revenue without proper oversight, according to The Logic. Shopify did not respond to a question about whether the fraud stemmed from aggressive sales expectations. After enduring a share price slide in 2022, the company's stock has steadily risen, and in recent months has exceeded its 2021 highs. Shopify has been on an earning streak in recent months, posting double-digit revenue and gross merchandise volume growth.

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