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Shopify Inc
Symbol SHOP
Shares Issued 1,218,487,270
Close 2025-06-24 C$ 157.03
Market Cap C$ 191,339,056,008
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Globe says Shopify president waves the Canadian flag

2025-06-25 08:12 ET - In the News

The Globe and Mail reports in its Wednesday edition that technology leaders are urging the next generation of founders to resist the lure of U.S. capital and keep their businesses -- and their careers -- in Canada. The Globe's Irene Galea and Sean Silcoff quote Cohere co-founder Aidan Gomez telling a room full of founders Tuesday: "You need to start saying no. Refuse. Don't do it. You're here to build a Canadian company. We need this." During the conversation about the future of Canadian technology during Toronto Tech Week, Mr. Gomez and Shopify president Harley Finkelstein told the crowd that Canada needs to do a better job at retaining talent and companies. "All of our little bright lights, these ambitious Canadians who want to build a global company inside of Canada, they get pulled," Mr. Gomez said. The Cohere and Shopify executives both said their companies rejected offers of American capital in the early days. According to Mr. Gomez, a large U.S.-based company offered to acquire Cohere, which creates artificial-intelligence technology for enterprise clients, for a nine-digit price. Similarly, Mr. Finkelstein said that Shopify's executives refused to answer calls from potential suitors in the company's early days.

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