The Ottawa-based firm says it lost US$1.2 billion or 95 cents per diluted share, compared with a profit of US$879.1 million and 69 cents per diluted share a year earlier.
Everyone was a happy camper at BGC Ottawa’s Glamping Gala, a sold-out fundraiser that brought 480 partygoers together for a night of food, drinks, dancing and socializing.
Move ensures Lütke, his family and affiliates will hold 40 per cent of the e-commerce software giant's voting power.
Ottawa-based software firm's stock ended the day down more than 14 per cent after company reported a first-quarter loss of US$1.5 billion.
Ottawa-based company's stock fell to a low of $914 on the TSX as it announced it expects revenue growth for 2022 to be lower than the 57 per cent growth it achieved in 2021.
That's up from last year’s total of $2.4 billion and more than double 2019’s tally.
Ottawa-based e-commerce firm reported a third-quarter profit of nearly US$1.15 billion, boosted by an unrealized gain on its equity investments.
The Ottawa-based e-commerce powerhouse’s share price has risen 846 per cent on the Toronto exchange over the last three years.
Shopify's president joins a group that also includes tennis star Naomi Osaka, Tesla CFO Zach Kirkhorn and TikTok CEO Shou Zi Chew.
Latest departure from Ottawa-based firm's leadership team comes after three members of its C-suite left the company earlier this year.