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Shopify Proposes ‘Founder Share’ for CEO,10-for-1 Stock Split

Shopify on Monday proposed 10-for-1 stock split as well as changes that would protect the voting power of CEO Tobias Lütke. Under the proposal, the e-commerce giant would issue a “founder share” to Lütke that would give him a total of 40% voting control of the company. The share expires if Lütke, who founded Shopify in 2004, leaves the company and cannot be transferred to anyone else. Both...

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Crypto Company Bakkt’s Make-or-Break Deal
Bakkt's team ringing the first trade bell at the New York Stock Exchange in 2018. Photo via NYSE.
The crypto industry is littered with the corpses of now-shuttered businesses. Among the survivors, at least so far, is Bakkt, a crypto company founded by New York Stock Exchange owner Intercontinental Exchange. But after a previously unreported second round of layoffs earlier this month, a slew of executive exits and the shuttering of its consumer app, few would be betting on Bakkt. Yet Bakkt...
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From left, Alphabet CEO Sundar Pichai, DeepMind CEO Demis Hassabis and Google Brain chief Jeff Dean. Photos by Getty, Bloomberg
Exclusive google ai
Alphabet’s Google and DeepMind Pause Grudges, Join Forces to Chase OpenAI
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Block chairman and co founder Jack Dorsey. Photo by Getty
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Art by Clark Miller
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