The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 13 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Lütke: Shopify will support any legal merchant regardless of political views
“As long as they do something legal, we support them. And in fact, we are just pushing them from behind via tool. Like, your screwdriver is not going to tell you that you can't screw in something into a wall because you're a Republican voter.”
Lütke: Shopify randomly deletes all recurring meetings every 18 months
“Once every couple, year and a half or so, we randomly delete all recurring meetings.”
Friedberg predicts Shopify, Square, and Stripe will disrupt Apple and Amazon
“I think that over the next decade, because of exactly what you guys said, that Apple is run by managers who don't want to see loss, but aren't driven to gain, you're going to end up seeing Amazon in particular, and Apple likely as well, Lose to the likes of Sh…”
Sacks: 70% of Klaviyo's business depends on Shopify
“The only vulnerability or negative, I think, about Clavio's business is the fact that 70% of it is on Shopify.”
Lütke: Economic downturns cause consumers to shift down one quality tier
“Fundamentally what people do is they, in most categories they shift one quality level downwards.”
Lütke: 85% of successful founders had access to 24-hour text mentorship
“We survey people that, like, successful stores tend to, like, I think with 85% answer that you had someone who would return a text in 24 hours with a question about starting a business. It's massive predictor of success.”
Chamath claims Shopify pays Stripe approximately $350 million annually
“If you look inside the P and L of Shopify, an enormous line item now about three hundred and fifty million bucks a year is what they're paying to stripe.”
Tobi Lütke rules out launching private-label 'Shopify Basics' products
“Yeah, so, now, I mean, I don't wanna do Shopify Basics or something like this. That would be totally a side quest for us, and I'm big on main quest, so I wanna keep things.”
Lütke: Shopify inventory represents discretionary consumer wants, not necessities
“Fundamentally, the products sold on Shopify are not are the products people want, not the products people need.”
Palihapitiya: Shopify developers have written over 1M lines of code with Copilot
“Shopify has written more than a million lines of code with Copilot already.”
Lütke: Shopify has processed $500B in cumulative lifetime transactions
“About half a trillion dollar has been transacted through Shopify in its lifetime”