Shopify shareholders approve 10:1 stock split

Yahoo Finance Live’s Julie Hyman discusses the rise in shares for Shopify amid shareholder approval for 10:1 stock split.

Video Transcript

- Want to get a quick check on a stock that just out with some news and that is Shopify. The company's shareholders approving a 10:1 stock split and also giving some special voting rights to CEO Toby Lutke there. You can see the shares are up by 2.7%.

Those two things were up for debate at the company's shareholder meeting, or up for vote, I should say, at the meeting, And they approve both of them. So the latest in the spate of companies that have come out and announced stock splits. Of course, Amazon being the latest to take effect yesterday.