Shopify ups share buyback program as activist investors question AI policies

Shopify has authorized itself to buy up to $5 billion USD ($6.9 billion CAD) of its own shares, as it deals with a declining stock price and an activist investor proposal ahead of its annual general meeting later this month. The Ottawa-based e-commerce giant announced on Tuesday evening that its board of directors increased the $2 billion repurchase program it launched in February by another $3 billion. Shopify said it had used up almost three-quarters of that initial allotment before the increa