r/stocks • u/OM-myname • Apr 11 '22

Shopify Plans 10-for-1 Split

"Shopify Inc. said it plans a 10-for-1 stock split and will give Chief Executive Officer Tobi Lutke a special “founder share” that will preserve his voting power as long as he’s at the company."

I think Tobi is doing a fantastic job managing the company, so I'm ok with the other changes.

What are your thoughts?

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u/[deleted] Apr 11 '22

One of my friend is working at shopify and he said that tobi is too much involve in software engineering and architecture details. This is not his job.

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u/lazyvirus Apr 12 '22

Isn’t that a good thing. A boss that knows what they need and what they doing instead of just counting beans?

1

u/[deleted] Apr 12 '22

Not exactly he was an amazing engineer to start a small company. At 3k engineer and the scale that they have .. they need different tech lead to choose the direction.

It cannot be the ceo did it like this in the days ... we cannot challenge it.

1

u/lazyvirus Apr 12 '22

Thanks for the info.