FT: Shopify’s swift ascent stirs talk of Canadian ‘curse’

(Source: Klinkow – pixabay.com)

When shares of Shopify surged this week, the Canadian ecommerce giant briefly catapulted past Royal Bank of Canada to become the country’s most valuable company.

So it might seem odd that talk among investors immediately turned to whether the company had just had a hex put on it.

“Can Shopify beat the curse?” asked one money manager on Twitter, while another noted the company had joined the ranks of “cursed securities”.

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