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4-Traders Homepage  >  Equities  >  Nyse  >  Shopify Inc (US)    SHOP   CA82509L1076

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Khang & Khang LLP Announces an Investigation of Shopify Inc. and Encourages Investors with Losses to Contact the Firm

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10/05/2017 | 02:42am CEST

Khang & Khang LLP (the “Firm”) announces that it is investigating claims against Shopify Inc. (“Shopify” or the “Company”) (NYSE: SHOP) concerning possible violations of federal securities laws.

If you purchased shares of Shopify and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250 Irvine, CA 92604, by telephone: (949) 419-3834, or by e-mail at [email protected].

The investigation concerns whether Shopify and certain of its officers and/or directors violated federal securities laws. On October 4, 2017, Citron Research published a report characterizing the Company as “a completely illegal get-rich quick scheme.” The report alleged that Shopify inaccurately described its relationship with certain affiliates, stating, in part: “Shopify calls these affiliates ‘partners.’ We call them promoters selling business opportunities.” The report compared the Company’s business practices to those of Herbalife Ltd., a company that recently paid $200 million and agreed to an order “prohibit[ing] Herbalife from misrepresenting distributors’ potential or likely earnings” to settle Federal Trade Commission charges. When this news was announced, shares of Shopify declined in value.

If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at [email protected].

This press release may constitute Attorney Advertising in some jurisdictions.


© Business Wire 2017
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Financials ($)
Sales 2017 650 M
EBIT 2017 -7,77 M
Net income 2017 -60,1 M
Finance 2017 848 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 13,7x
EV / Sales 2018 9,55x
Capitalization 9 750 M
Chart SHOPIFY INC (US)
Duration : Period :
Shopify Inc (US) Technical Analysis Chart | SHOP | CA82509L1076 | 4-Traders
Technical analysis trends SHOPIFY INC (US)
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 110 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Tobias Albin Lütke Chairman & Chief Executive Officer
Harley Finkelstein Chief Operating Officer
Russ Jones Chief Financial Officer
Jeremy Seth Levine Independent Director
Steven A. Collins Independent Director
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