11:40:14 EDT Wed 19 Aug 2026
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Shopify Inc
Symbol SHOP
Shares Issued 1,208,708,783
Close 2026-08-18 C$ 203.93
Market Cap C$ 246,491,982,117
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Post denies Shopify's billionaire CEO is a wanker

2026-08-19 09:29 ET - In the News

The National Post reports in its Wednesday edition that on July 25, Shopify chief executive officer Tobi Lutke floated the idea of banning seniors from voting. The Post's Carson Jerema writes that Mr. Lutke wrote on X: "New deal: when you get your pension deal it's locked in and guaranteed. But now you are a dependent and that means no voting, just like dependants under age. Enjoy the deal, let people with a stake in the future decide." The comment was directed at opposition to a housing project in San Francisco, but the Post draws a parallel to Prime Minister Mark Carney enjoying disproportionate support from those over 65; boomers have a hold on power. When a retired banking exec suggested to Mr. Lutke an alternative approach that would involve weighting votes by how much income tax a voter pays, Mr. Lutke replied "Good system." Liberal advisers and left-wing commentators on X pounced, calling Mr. Lutke a "wanker" or implying he was a literal Nazi, given his German heritage. Mostly, the social media reaction ignored the real issues being raised about voting demographics and devolved into your standard pearl-clutching about "billionaires," which then bled into the opinion pages of the Toronto Star and Globe and Mail.

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