Shopify’s Shrinking Valuation Summons the Curse of Canadian Tech
- Date: 24-Jan-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:UAE
Shopify’s Shrinking Valuation Summons the Curse of Canadian Tech
(Bloomberg) -- Three times in the past 13 years, a Canadian technology firm has burst into prominence and become the country’s most valuable public company. The first two times it proved to be a curse: Nortel Networks Corp. eventually went bankrupt and BlackBerry Ltd. lost its dominance of the smartphone market.
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