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  5. SHOP: What do you make of SHOP's stance on DEI? [Shopify Inc. Class A Subordinate Voting Shares]
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Q: What do you make of SHOP's stance on DEI? Any idea why they would do what they've done? What impact will this have for the company? I don't think it's a positive.
Asked on February 26, 2025
5i Research Answer:

We do our best to not be political, and look at the numbers instead. We could speculate on reasons but have no way of really knowing. We would not expect the move to material to the business.