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Tobias " Tobi " Lütke (born 1981) MSC is a German/Canadian entrepreneur who is the co-founder and CEO of Shopify, an e-commerce company based in Ottawa, Ontario, Canada. [2][3][4] He has been part of the core team of the Ruby on Rails framework and has created open source libraries such as Active Merchant. [5] As of 2022, he was the 11th richest Canadian. [6] As of April 2024, his net worth ...
Shopify is an e-commerce platform that allows businesses to create and manage their online stores.
^ a b "Finkelstein named Shopify chief operating officer". Ottawa Business Journal. January 13, 2016. Retrieved January 18, 2016. ^ a b "Newsmaker of the Year: Shopify's Finkelstein brings hustle to Ottawa". Ottawa Business Journal. December 17, 2013. Retrieved March 13, 2015.
Such a consumer-friendly business model (the company makes money on interest and merchant fees) has built an 18.7 million user base. ... with giant retailers like Amazon and Shopify. This has ...
Most notably, it sold its logistics business to focus on its stronger and high-margin e-commerce operations. The move has helped Shopify boost its margins and net income.
PayPal executives believe the business will generate $6 billion in free cash flow (FCF) this year. And the two card juggernauts, Visa and Mastercard, rake in tens of billions of dollars in FCF ...
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