Shopify’s stock pops as the e-comm giant ditches the NYSE for the tech-heavy Nasdaq

The e-commerce giant will now join some of the world’s biggest tech companies.

3/19/25 9:11AM

Shares of Shopify jumped nearly 6% on Wednesday after the e-commerce platform announced plans to move its stock listing to the Nasdaq.

Shopify powers millions of businesses worldwide, helping them build, manage, and scale online stores. The switch marks the end of nearly a decade on the New York Stock Exchange and the Toronto Stock Exchange, where Shopify first went public in 2015. Its Class A shares will be delisted from the NYSE after trading closes on Friday, March 28, and will resume on Monday, March 31, under the same ticker: SHOP.

Shopify has been on a winning spree lately. In February, the company reported Q4 profit that more than doubled and saw its biggest jump in gross merchandise volume since the pandemic. Now, Shopify joins some of the world’s biggest tech companies on Nasdaq with the potential to land a spot in the Nasdaq-100, an index tracked by billions in investor funds like Invesco QQQ Trust. Shopify shares are up nearly 29% over the past year.

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Paramount sues Warner Bros. for more info on its deal with Netflix, says it plans to nominate new directors

It’s a fresh week and that means a fresh bit of escalation in the ongoing Warner Bros. Discovery merger drama.

At an upcoming meeting, Paramount Skydance plans to “nominate a slate of [WBD] directors who, in accordance with their fiduciary duties, will... enter into a transaction with Paramount,” CEO David Ellison wrote in a letter to WBD shareholders disclosed on Monday.

Ellison also said that Paramount sued WBD in Delaware court in an effort to force the board to disclose “basic information” that will allow shareholders to make an informed decision between Paramount’s offer and one from Netflix. WBD shares dipped about 2% on Monday morning.

The latest update follows Paramount’s move last week to reaffirm — but not raise — its $30-per-share offer for WBD. Some saw that decision as Paramount effectively throwing in the towel on its merger hopes, given that the same deal has been rejected twice by the WBD board and winning over shareholders directly is a difficult process. Monday’s disclosure appears to signal that whether it loses or not, Paramount isn’t going to make Netflix’s acquisition easy.

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Ford to bring eyes-off driving to its new EV platform by 2028

Ford is wading into the autonomous race against rivals like Tesla and GM.

On Wednesday evening, the Detroit automaker said it plans to introduce “Level 3” eyes-off systems to vehicles being built on its new production platform in Louisville by 2028. The first vehicle planned for the platform is a $30,000 midsize EV truck, planned for 2027.

In an interview with Reuters, Ford Chief EV and Design Officer Doug Field said the tech would not come at the $30,000 price point and would cost extra. Field said the company is still weighing just how much extra, and whether the system should be sold via a subscription model.

According to Ford, the eyes-off and hands-off tech will utilize lidar. Ford shares ticked up slightly in premarket trading on Thursday.

In August, Reuters reported that Ford rival Stellantis had shelved its Level 3 program due to high costs.

Shopify’s stock pops as the e-comm giant ditches the NYSE for the tech-heavy Nasdaq

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