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A comment on Shopify to lay off 10% of workers in broad shake-up. Parent comment

Re:Shopify to lay off 10% of workers in broad shake-up by shafyy on Tuesday July 26, 2022 @10:37AM (#32238877)
I was also disgusted and surprised by the NFT shit Tobi and Shopify pulled (still pull?). But I'd be surprised (again, lol) if they had more then a dozen people working on that stuff.
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Re:Shopify to lay off 10% of workers in broad shake-up by upupandup on Tuesday July 26, 2022 @11:02AM (#32239317)
wasn't NFT issue but it was a signal. Shopify has some questionable metrics and its marketcap was very iffy as well as its business practices with partners from what I read.

spoiler: shopify isn't done yet with layoffs, it will go down as another Canadian failure (lots of those in this country)

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Re:Shopify to lay off 10% of workers in broad shake-up by pxue on Tuesday July 26, 2022 @12:02PM (#32240084)
SHOP has $8B cash on hand. is a profitable business. how is that anywhere close to the definition of a failed business??
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Re:Shopify to lay off 10% of workers in broad shake-up by upupandup on Tuesday July 26, 2022 @12:26PM (#32240407)
$6.85B net

It's counterparts have far bigger amounts and most of its customer base are affiliate markters, drop shippers.

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