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Is Shopify Owned by Walmart?

Last updated on October 1, 2022 @ 11:39 pm

PRO TIP: Please be aware that there is false information circulating online that Shopify is owned by Walmart. This is not true. Shopify is a publicly traded company on the Toronto Stock Exchange and is not owned by any other company.

Shopify is not owned by Walmart. Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake,

Shopify provides services to more than half a million businesses in approximately 175 countries and is a publicly traded company on the New York Stock Exchange.

In 2019, Shopify was ranked as the world’s third most valuable brand in the annual BrandZ Top 100 Most Valuable Global Brands ranking.

While Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. As of January 31, 2020, Walmart has 11,501 stores and clubs in 27 countries, operating under 55 different names.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.