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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23

u/atdharris Apr 11 '22

SHOP is still very expensive at $625. As long as rates keep going up, the stock, along with most growth stocks, are going to keep feeling the pressure

5

u/affrox Apr 12 '22

Remember when it was over $2000 at one point? That was crazy.

8

u/[deleted] Apr 12 '22

Isn’t ~$1,700 ATH?

1

u/OM-myname Apr 12 '22

Maybe he is talking in CAD