Shopify Subordinate Voting Ord Shs Class A T.SHOP

Alternate Symbol(s): SHOP

Technology Information Technology Services

Shopify Inc. (Shopify) is a Canada-based global commerce company. The Company provides essential Internet infrastructure for commerce, offering tools to start, grow, market and manage a retail business of any size. It provides platforms and services that are engineered and delivers a shopping experience for consumers online, in store and everywhere in between. Its software enables merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. The Company's Shopify platform provides merchants with a single view of their business across all of their sales channels and enables them to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing, all from one integrated back office. The Shopify's platform operates across 175 countries.

TSX:SHOP - Post by User

Shopify Subordinate Voting Ord Shs Class A > Shop

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Comment by Experiencedon May 20, 2022 10:14pm

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Post# 34700010

RE:RE:RE:RE:Shop

BrokerG wrote: Hello Experienced

I do not doubt you had a bad experience from a past insider trade, however, most studies indicate that insider buying is long term positive. Insider sells are less indicative because of the varying reasons for a sale{ house, education, etc.).

Not only did Toby purchase 10 mollion but most of his mgt team also purchased stock. The disappointing aspect was how little they owned before this purchase. Sure they had options but did not personally buy many shares themselves until now.

Overall very positive. Saying that, I am still voting NO for toby's 40% ownership stake amendment. I do not see how blocking any future takeover is beneficial to shareholders.

Thanks for your reply.

I agree that insider sells are totally meaningless.

I know that many studies as you mentioned suggest that insider buying is a positive indicator. That said, I have been investing since 1969 and worked for many years in the brokerage business before I retired about a dozen years ago. During that time period I have seen countless examples of people buying stock in a particular company because of insider buying only to be very disappointed with the results. My earlier post was intended as a cautionary note for people not to rely on this indicator to make investment decisions.

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