Lütke: Shopify traded above 50x revenue at its peak
Tobi Lütke · Tobi Lütke: 21 Years of Building Shopify · Jan 18, 2026 · at 34:22
Shopify CEO Tobi Lütke discusses Shopify's valuation multiple at its pandemic-era high prior to an 80% drop.
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“Like at the high point of our stock price, I think we were trading at beyond 50 x of revenue and stuff like this.”
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