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Shopify CEO Says Amazon Is Encroaching on Its Turf

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Bloomberg business news
Shopify CEO Sees Amazon Encroaching on Its TurfSource: Bloomberg)

The head of Shopify Inc. said Amazon is encroaching on its turf -- and it’s confident it can compete.

“They are creating products now that help small businesses market their products better which is frankly the space we are in,” Tobias Lutke, chief executive officer of Ottawa-based Shopify, said in an interview with BNN Bloomberg TV at a tech conference in Toronto.