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Published · transcript-backed

David Rosenthal: commitment

6 Aug 2019 Acquired The Shopify IPO

“We thought a fund quota and the topic of this show is the Shopify IPO, which we will grade in a minute, but a fund quota is sort of catch us up today, who we thought would be.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
commitment
Recorded
6 Aug 2019
Publisher
Acquired
Episode
The Shopify IPO

Transcript context

…So, in two years they 8X it? Yeah or probably 5X from $1.6 billion to $7.7 billion. But it's still incredibly impressive. Net revenue is $205 million for the year ended 2015. We thought a fund quota and the topic of this show is the Shopify IPO, which we will grade in a minute, but a fund quota is sort of catch us up today, who we thought would be. In October of 2017, not quite two years ago, Shopify became the target of an activist hedge fund investor, a short seller, named Andrew Left at Citron Capital. He released a report on Shopify decrying the company as a get-rich-quick scheme that was the television report is, this is in all caps, the hottest stock on—eventually he has now changed it to The New York Stock Exchange—the NASDAQ, they’re not on the NASDAQ they’re on New York Stock exchange. It’s a completely illegal get-rich-quick scheme (with a good software platform). What’s it’s illegal about it?…

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