INDEX / DIRECTORY / SHOPIFY

Shopify

Software & Cloud 122 CITED SOURCES UPDATED 2026-07-07
BDS-1000 Score 447 /1000 C Tier C - High
Military ↗ 0.00 Digital ↗ 0.09 Economic ↗ 6.69 Political ↗ 2.25

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BDS-1000 Dossier: Shopify Inc.

Key Findings

  • Economic: Shopify’s most substantial Israel-nexus holdings are a $30 million strategic investment and multi-year commercial partnership with Tel Aviv-based Yotpo (2021), and its 2021 acquisition of Israeli visual-search firm Donde Search, which became an ongoing Shopify R&D & Innovation Center in Tel Aviv.12
  • Digital: Israeli-founded fraud-prevention vendors Riskified and Forter operate as merchant-opt-in App Store integrations on Shopify’s checkout infrastructure, and Shopify’s cross-border commerce depends on a strategic equity stake in and exclusive partnership with Israeli-founded Global-e Online.34
  • Political: No corporate statement on Israel/Palestine has been identified; the entire documented nexus consists of personal social-media commentary by President Harley Finkelstein and CEO Tobias Lütke, which triggered an external boycott campaign and public rebuttals rather than any company policy or resource commitment.5678
  • Not found: No defense contract, weapons-adjacent product, or military-nexus evidence - Shopify does not appear in Israel’s SIBAT defence-supplier directory, and the company’s own platform policy affirmatively prohibits weapons, tactical, and export-controlled merchandise.910

Target Profile

FieldDetail
Company NameShopify Inc.
JurisdictionCanada (federally incorporated); dual-listed on the Toronto Stock Exchange and Nasdaq (SHOP)11
HeadquartersOttawa, Ontario, Canada11
SectorE-commerce software-as-a-service (SaaS) platform
OwnershipPublicly traded; largest institutional holders reported as Vanguard (~8%) and BlackRock (~7%); founder Tobias Lütke holds roughly 6–7% economic ownership but 40% of voting power via Class B shares plus a non-transferable “Founder Share” mechanism approved by shareholders in 202211
Key Executives / GovernanceTobias Lütke (Chair/CEO); Harley Finkelstein (President); board (mid-2026) includes Joe Natale, Gail Goodman, David Heinemeier Hansson, Jeremy Levine (Bessemer Venture Partners), Prashanth Mahendra-Rajah, Lulu Cheng Meservey, Kevin Scott, Toby Shannan, and Fidji Simo12
Israeli-Nexus SummaryCommercial and technology-investment relationships with Israeli-founded firms (Yotpo, Donde Search/Tel Aviv R&D center, Global-e Online, Riskified, Forter) plus unofficial executive commentary on the conflict; no identified military, state-contract, or settlement-operational nexus

Key Facts:

Executive Summary

Shopify Inc. is a Canadian, Ottawa-headquartered e-commerce SaaS platform with no history of Israeli founding, ownership, or state affiliation. Its documented Israel/Palestine nexus is almost entirely commercial and technological rather than governmental or military: a 2021 acquisition of Israeli visual-search company Donde Search that created an ongoing Tel Aviv R&D center, a $30 million strategic investment and multi-year partnership with Israeli marketing-technology firm Yotpo, an equity stake in and exclusive infrastructure partnership with cross-border commerce firm Global-e Online, and merchant-facing App Store integrations with two Israeli-founded fraud-prevention vendors, Riskified and Forter.1234

The strongest documented vectors sit in the economic and digital domains. The Donde and Yotpo transactions, both dated 2021, remain active with no evidence of divestment, and the Global-e partnership was explicitly renewed for a further three years in May 2025 - after the ICJ’s July 2024 advisory opinion and the ICC’s November 2024 arrest warrants - indicating continuity rather than exit.218 Politically, Shopify has issued no corporate statement on the Israel-Palestine conflict; the only identified nexus is personal social-media commentary by President Harley Finkelstein and CEO Tobias Lütke, which drew an external boycott campaign from Dubai-based Augustus Media and a public antisemitism condemnation from the American Jewish Congress, alongside a rebuttal from the advocacy account “Jews Say No To Genocide.”5678 This stands in explicit contrast to Shopify’s documented corporate responses to the 2022 Russia-Ukraine war (operational suspension, fee waivers, matched donations) and the 2020 killing of George Floyd ($1 million BLM-era donation), for which comparable Israel/Palestine-specific corporate action is not documented.1920

What is not supported by the evidence is equally significant. No contract, tender, or relationship with the Israeli Ministry of Defense, IDF, or any Israeli security body was identified; Shopify does not appear in Israel’s SIBAT defence-supplier directory, and its Managed Markets policy affirmatively prohibits weapons, tactical, and export-controlled merchandise on the platform.910 Shopify does not appear in any of the major NGO or UN tracking instruments - the OHCHR settlement-business database, Who Profits, AFSC Investigate, the PAX and Don’t Buy Into Occupation reports, or Norway’s KLP exclusion lists.151617 Its relationship to settlement-linked entities is limited to a customer-platform arrangement with SodaStream (whose settlement-zone factory closed in 2015, years before the Shopify Plus engagement) and an unconfirmed report regarding Psagot Winery’s online store, for which no evidence ties Shopify to the underlying platform.2122 At least one BDS-tracking resource independently rates Shopify “Boycott Safe,” finding no verified ties to Israel.23

The resulting profile - meaningful, continuing commercial and technology investment exposure paired with a near-complete absence of military, state, or settlement-operational involvement - produces a BRS of 447 and a Tier C (High) classification, driven overwhelmingly by the Economic domain score while the Military, Digital, and Political domains each register far lower.

Timeline of Relevant Events

DateEvent
2006Shopify founded in Ottawa, Canada, by Tobias Lütke, Daniel Weinand, and Scott Lake.11
2015SodaStream relocates from its Mishor Adumim (West Bank) settlement-zone factory to the Negev following BDS boycott pressure - six years before any Shopify commercial relationship began.21
June 2020Shopify and Tobias Lütke commit $1 million to the NAACP Legal Defense Fund and related organizations following the killing of George Floyd.20
May 2021Shopify takes a pre-IPO equity stake in Israeli-founded Global-e Online, becoming its exclusive Merchant-of-Record partner for cross-border commerce.18
July–October 2021Shopify acquires Israeli visual-search firm Donde Search (~$50.7M) and establishes a Tel Aviv R&D & Innovation Center.2
September 2021Shopify makes a $30 million strategic investment in Yotpo alongside a multi-year platform partnership.1
February–March 2022Shopify suspends Russia/Belarus operations, waives fees for Ukrainian merchants, and matches employee humanitarian donations.19
February 2022Algemeiner reports Nazi-memorabilia sales via a Shopify-hosted store.24
October 2023Board member Fidji Simo posts statements on the October 7 attacks, reported as mourning victims on “Israeli, Arab and Muslim” sides alike.25
October 2023Forter joins the Shopify Plus Certified App Program.4
July 2024Harley Finkelstein tells JNS.org that “proud Jews have gone into their shells” since October 7.26
October 2024Shopify Ventures participates in Melio’s $150M Series E round; Melio is later acquired by New Zealand’s Xero (2025).27
November 2024Bloomberg reports Holocaust-denial merchandise hosted on Shopify and notes a “hateful content” policy clause had been removed from published terms in July 2024.28
December 27, 2024Tobias Lütke posts criticism of a pro-Palestine protest at Toronto’s Eaton Centre on X; “Jews Say No To Genocide” publicly rebuts the post.78
March 18–19, 2025Finkelstein endorses a post criticizing Hamas-sourced casualty figures; Dubai-based Augustus Media/Smashi launches a boycott campaign urging Shopify’s ~25,000 Middle East merchants to switch platforms.5
March 2025The American Jewish Congress publicly condemns the Augustus Media boycott campaign as antisemitic.6
May 14, 2025Shopify and Global-e sign a renewed three-year exclusive Merchant-of-Record partnership.18
September 2025OHCHR updates its settlement-business database; Shopify does not appear.16
February 27, 2026The “We Stand with Israel” merchant-icon app is removed from the Shopify App Store; no removal rationale is publicly stated.29

Corporate Overview

Shopify Inc. is a publicly traded Canadian corporation, founded in Ottawa in 2006 and headquartered there today, dual-listed on the Toronto Stock Exchange and Nasdaq under the ticker SHOP.11 It operates a dual-class share structure, with founder Tobias Lütke holding 40% of voting power via Class B shares and a non-transferable “Founder Share” mechanism approved by shareholders in 2022, notwithstanding holding only 6–7% economic ownership.11 There is no evidence of any Israeli state ownership stake, government board appointee, or critical-national-infrastructure designation attached to the company.

Shopify’s only confirmed Israeli operating presence is a research-and-development subsidiary in Tel Aviv, established following the 2021 acquisition of Donde Search (renamed internally as an R&D & Innovation Center), with job postings identified in Kfar Saba, Tel Aviv-Yafo, Petah Tikva, Ramat Gan, Herzliya, Jerusalem, and Yokneam Ilit.2 This entity functions as an engineering/cost center rather than an independent revenue-generating or trading unit, and Shopify was not named among the 434 multinational R&D centers highlighted in Startup Nation Central’s 2024 survey of major tech-sector anchors in Israel (which named Meta, Google, Microsoft, Nvidia, Intel, and SAP instead).30 One Israel-based agency, “Element Israel,” appears in Shopify’s Partners directory, located in Hatzeva in Israel’s Arava region - not within a West Bank, East Jerusalem, or Golan Heights settlement.31 No franchise, licensing, or reseller relationship between Shopify and any Israeli government body has been identified.

Domain Summaries

Military: Military

Mechanism of Involvement

No public evidence identified of any contract, tender, or cooperation agreement between Shopify and the Israeli Ministry of Defense, IDF, Israel Prison Service, or Israel Border Police.9 Shopify manufactures no hardware and has no dual-use, tactical, or mil-spec product lines. The most proximate individual-level connection is Eyal Klein, a Shopify Director of Data Science & ML Engineering, identified via professional-network profiles as a former Israeli Military Intelligence Unit 8200 R&D manager from 2007–2013 - a role that predates his Shopify employment and sits below director/C-suite/board threshold.32 Customer-platform relationships include SodaStream, a current Shopify Plus enterprise client whose West Bank settlement-zone factory closed in 2015, and an unconfirmed report that Psagot Winery, the largest West Bank settlement winery, operates an online store (no evidence ties this store to Shopify specifically).2122

Counter-Arguments and Evidence Limits

A direct search of Israel’s SIBAT defence and homeland-security supplier directory returned no Shopify listing.9 Shopify’s Managed Markets policy affirmatively prohibits “explosives, weapons, and related items,” “guns and gun parts,” the “tactical category,” and items requiring U.S. export licences under EAR/ITAR.10 Review of Shopify’s board of directors found no defense-industry directorships, reservist-fund donations, or co-belligerency statements.12 The SodaStream settlement-factory history significantly predates and is unrelated to its later Shopify Plus commercial engagement, and the Psagot online-store claim remains unconfirmed as to platform.

Named Entities and Evidence Map

Eyal Klein (employee, ex-Unit 8200, pre-Shopify tenure); SodaStream (Shopify Plus client; former settlement factory, relocated 2015); Psagot Winery (unconfirmed platform link); Element Israel (non-settlement partner agency).

Digital: Digital

Mechanism of Involvement

Two Israeli-founded fraud-prevention vendors maintain active, merchant-opt-in integrations with Shopify: Riskified, a Shopify partner since 2012 with expanded Shopify Plus Certified App Program integration from 2021, and Forter, which joined the same program in October 2023 and whose founding team previously worked at Fraud Sciences (acquired by PayPal in 2008), with company materials describing its detection approach as informed by Israeli military-intelligence background.34 Shopify’s cross-border commerce infrastructure depends on a strategic equity stake in Global-e Online (Israeli-founded, CEO Amir Schlachet a former commander in Israel’s “Talpiot” military-technology program), renewed as an exclusive Merchant-of-Record partnership through 2028.18 Donde Search’s acquired visual-search AI, whose founder previously worked in Unit 8200, is used for consumer fashion-image matching with no reported military application.2

Counter-Arguments and Evidence Limits

No public evidence identified of Shopify licensing Israeli enterprise-security vendors (Check Point, Wiz, SentinelOne, CyberArk, NSO-adjacent firms, Palo Alto Networks) for internal infrastructure. No public evidence identified of Israeli-origin biometric, facial-recognition, or surveillance technology used in Shopify’s retail or loss-prevention stack. Shopify’s core cloud infrastructure runs on Google Cloud with primary data-center operations described as Ottawa-based; no public evidence identified of Shopify operating or routing workloads through Israel, and no public evidence identified of any Shopify connection to Project Nimbus.33 Riskified and Forter remain merchant-opt-in App Store products rather than mandated core Shopify infrastructure.

Named Entities and Evidence Map

Riskified (Eido Gal, Assaf Feldman - integration active since 2012/2021; Riskified/Shopify integration reporting reviewed in the underlying Digital domain audit)3; Forter (Michael Reitblat, Liron Damri, Alon Shemesh - integration active since October 2023; Forter/Shopify integration reporting reviewed in the underlying Digital domain audit)4; Donde Search (Liat Zakay, ex-Unit 8200)2; Global-e Online (Amir Schlachet - Shopify equity/partnership reporting reviewed in the underlying Digital domain audit)18; Yotpo (marketing/loyalty data integration).1

Economic: Economic

Mechanism of Involvement

Shopify’s principal Israel-linked economic exposures are the $50.7 million Donde Search acquisition (2021, ongoing Tel Aviv R&D center, no divestment identified), the $30–35 million Yotpo minority equity investment and partnership (2021, active through at least 2023), and Shopify Ventures’ passive minority participation in Melio’s $150 million Series E round (October 2024), which later exited via Melio’s third-party acquisition by New Zealand’s Xero (2025) rather than any Shopify decision.1227 SodaStream is a current Shopify Plus enterprise client for its global direct-to-consumer operations.21 More than 5,900 Israel-domiciled merchant stores use Shopify as customers of the platform.13

Counter-Arguments and Evidence Limits

Shopify does not appear in the OHCHR settlement-business database, the Who Profits or AFSC Investigate databases, either Don’t Buy Into Occupation report, the PAX “Companies Arming Israel” report, or Norway’s KLP exclusion lists.151617 No public evidence identified of Israeli sovereign-bond or Israel-focused fund holdings by Shopify. Shopify Payments is unavailable to Israel- or Palestinian-Territory-domiciled merchants, meaning Shopify’s own core payments product does not operate in either market.14 The Tel Aviv R&D operation is characterized in available sourcing as a cost/engineering center rather than a revenue-generating unit, and Shopify was not named among Startup Nation Central’s 2024 survey of top multinational R&D anchors in Israel.30 No platform-specific audit comparable to the 2024 Etsy investigation of settlement-based sellers has examined Shopify-hosted stores.34

Named Entities and Evidence Map

Donde Search/Fashion Inc. (acquired 2021, Tel Aviv R&D center)2; Yotpo (minority equity stake, active partnership)1; Melio Ltd. (passive minority stake, exited via Xero acquisition)27; SodaStream (Shopify Plus client)21; Vanguard/BlackRock (institutional holders, no documented Israel-specific nexus)11.

Political: Political

Mechanism of Involvement

No corporate Shopify statement addressing the Israel-Palestine conflict has been identified; the entire political nexus consists of personal executive and board-member commentary. President Harley Finkelstein stated in July 2024 that “proud Jews have gone into their shells” since October 7, and in March 2025 endorsed a post criticizing media use of Hamas-sourced casualty figures, prompting a boycott campaign by Dubai-based Augustus Media/Smashi targeting Shopify’s roughly 25,000 Middle East merchants.526 CEO Tobias Lütke posted criticism of a pro-Palestine protest at Toronto’s Eaton Centre in December 2024, drawing public rebuttal from “Jews Say No To Genocide.”78 Board member Fidji Simo reportedly posted statements in October 2023 mourning “the loss of all innocent lives… Israeli, Arab and Muslim alike” (via a search-engine-surfaced excerpt, not independently verified full-text).25 Board member David Heinemeier Hansson wrote in an April 2021 personal blog post - roughly three and a half years before joining Shopify’s board in November 2024 - that he considers “Israel’s occupation of Palestine” an “apartheid regime”; board membership and its Bessemer Venture Partners tie to broader Israeli venture-capital activity are documented via Shopify’s board page.1235

Counter-Arguments and Evidence Limits

The American Jewish Congress publicly condemned the Augustus Media boycott campaign against Shopify as antisemitic.6 Hansson’s “apartheid” characterization is a personal statement predating his board tenure by years, not a corporate position, and Simo’s October 2023 comments - as reported - were evenhanded rather than one-sided. Shopify is not documented as a BDS Movement priority boycott target, and at least one BDS-tracking consumer resource, masjidalaqsa.com, rates Shopify “Boycott Safe,” stating it found no verified ties to Israel.23 A merchant-authored claim that Shopify waived subscription fees for Israel-based merchants without announcement could not be independently confirmed and is treated as unverified.36 No public evidence identified of anti-BDS state legislation being applied to or invoked regarding Shopify specifically.37 By contrast, Shopify’s explicit, corporate-level 2022 response to the Russia-Ukraine war (operational suspension, fee waivers, matched donations) and 2020 BLM-era $1 million donation show the company is capable of formal crisis-response action - action that has no documented Israel/Palestine-conflict counterpart.1920

Named Entities and Evidence Map

Harley Finkelstein (President; personal statements)526; Tobias Lütke (CEO/Chair; personal statements)78; Fidji Simo (board member; evenhanded Oct 2023 statement, unverified full text)25; David Heinemeier Hansson (board member; pre-board 2021 “apartheid” characterization)12; Jeremy Levine (board member, Bessemer Venture Partners - general Israeli VC-sector context, no personal deal-level tie documented)12; Augustus Media/Smashi (external boycott organizer)5; American Jewish Congress (public counter-statement)6; “Jews Say No To Genocide” (public rebuttal account).8

BDS-1000 Score (V4)

DomainIMPV-Domain Score
Military0.500.300.500.00
Digital2.001.501.500.09
Economic7.806.008.506.69
Political4.503.507.002.25

Economic is the dominant driver of Shopify’s BRS: its high Impact (7.8) and Proximity (8.5) ratings reflect the continuing, direct, first-party nature of the Yotpo, Donde, and Global-e investment and acquisition relationships, none of which show evidence of divestment. Political contributes a secondary score reflecting documented (if executive-personal, not corporate) political conduct, while Military registers effectively zero and Digital remains marginal, reflecting the absence of any military-contract or mandated-infrastructure nexus. The resulting BRS of 447 places Shopify in Tier C (High) - a tier driven by one substantiated, high-proximity economic domain rather than a broad multi-domain pattern.

Methodology Note

End Notes

Footnotes

  1. https://www.timesofisrael.com/shopify-invests-in-israeli-e-commerce-marketing-firm-yotpo/ ; https://en.globes.co.il/en/article-shopify-invests-30m-in-israeli-startup-yotpo-1001384324 ; https://betakit.com/shopify-makes-strategic-investment-in-israeli-ecommerce-marketing-startup-yotpo-with-new-partnership/ ; https://www.prnewswire.com/news-releases/yotpo-and-shopify-enter-multi-year-platform-partnership-301372226.html ; https://www.israelhayom.com/2021/09/10/shopify-announces-multi-year-partnership-with-israeli-founded-yotpo/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  2. https://techcrunch.com/2019/02/12/donde-search-picks-up-6-million-to-help-fashion-retailers-with-visual-search/ ; https://finder.startupnationcentral.org/mnc_page/shopify ; https://finder.startupnationcentral.org/company_page/donde ; https://www.arnon.co.il/en/content/yigal-arnon-co-represented-donde-search-their-acquisition-shopify ; https://www.marketscreener.com/quote/stock/SHOPIFY-INC-22283351/news/Shopify-Inc-acquired-Donde-Fashion-Inc-for-50-7-million-36832715/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10

  3. Riskified Ltd. corporate and trade-press coverage (Shopify partnership since 2012; Shopify Plus Certified App Program integration expanded June 9, 2021; NYSE listing July 29, 2021), as documented in the underlying Digital domain audit; specific source URL not included in the audit excerpt reviewed for this dossier. ↩ ↩2 ↩3 ↩4

  4. Forter Inc. corporate and trade-press coverage (Shopify Plus Certified App Program integration, October 4, 2023), as documented in the underlying Digital domain audit; specific source URL not included in the audit excerpt reviewed for this dossier. ↩ ↩2 ↩3 ↩4 ↩5

  5. https://jewishinsider.com/2025/03/augustus-media-shopify-harley-finkelstein-israel-gaza/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  6. https://ajcongress.org/statements/press-release-american-jewish-congress-condemns-antisemitic-boycott-campaign-against-shopify-president-raises-concerns-over-irelands-ties-to-anti-israel-activism/ ↩ ↩2 ↩3 ↩4 ↩5

  7. https://x.com/tobi/status/1872685285747646543 ; https://archive.ph/UF3cu ; https://www.villagereport.ca/village-picks/palestine-protest-eaton-centre-boxing-day-misinformation-10016413 ; https://nowtoronto.com/news/boxing-day-pro-palestine-protest-at-torontos-eaton-centre-raises-questions-about-where-protests-belong/ ; https://www.jpost.com/diaspora/antisemitism/article-835428 ; https://www.reversecanarymission.org/person/tobi-lutke-lutki ↩ ↩2 ↩3 ↩4 ↩5

  8. https://x.com/JewsSayNo/status/1873427358910402819 ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  9. https://www.sibat.mod.gov.il/Industries/directory/Pages/default.aspx ↩ ↩2 ↩3 ↩4

  10. https://help.shopify.com/en/manual/international/managed-markets/prohibited-items ↩ ↩2 ↩3

  11. https://en.wikipedia.org/wiki/Shopify ; https://www.glasslewis.com/article/shopify-shareholders-approve-controversial-founder-share-with-the-help-of-the-existing-multiple-voting-shares ; https://www.theglobeandmail.com/business/technology/article-shopify-tobias-lutke-founder-share-stock-split/ ; https://corpgov.law.harvard.edu/2024/08/15/shopify-and-the-problem-of-shareholder-approval-at-multi-class-companies/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  12. https://www.shopify.com/investors/board-of-directors ↩ ↩2 ↩3 ↩4 ↩5

  13. https://storeleads.app/reports/shopify/IL/top-stores ↩ ↩2

  14. https://help.shopify.com/en/manual/payments/shopify-payments/supported-countries ; https://community.shopify.com/c/payments-shipping-and/shopify-payments-for-stores-based-in-israel/td-p/977136 ↩ ↩2

  15. https://www.whoprofits.org/companies/find?Presence=184&Type=List ; https://investigate.afsc.org/all-companies?page=0 ; https://www.whoprofits.org/companies/all ; https://investigate.afsc.org/fund-search?keyword=Shopify&strict=0 ↩ ↩2 ↩3

  16. https://www.ohchr.org/en/hr-bodies/hrc/regular-sessions/session31/database-hrc3136 ; https://www.ohchr.org/en/press-releases/2025/09/un-human-rights-office-updates-database-businesses-involved-israeli ; https://www.ohchr.org/en/documents/country-reports/ahrc5923-economy-occupation-economy-genocide-report-special-rapporteur ; https://www.ohchr.org/en/documents/thematic-reports/ahrc6019-database-all-business-enterprises-involved-activities-detailed ; https://www.un.org/unispal/document/a-hrc-59-23-from-economy-of-occupation-to-economy-of-genocide-report-special-rapporteur-francesca-albanese-palestine-2025/ ↩ ↩2 ↩3 ↩4

  17. https://dontbuyintooccupation.org/reports/dont-buy-into-occupation-report-2024/ ; https://dontbuyintooccupation.org/wp-content/uploads/2024/11/2024_DBIO-IV_Company-list.pdf ; https://dontbuyintooccupation.org/reports/dont-buy-into-occupation-report-2025/ ; https://paxforpeace.nl/wp-content/uploads/sites/2/2024/06/The-Companies-Arming-Israel-and-Their-Financiers-June-2024.pdf ; https://www.alhaq.org/publications/26931.html ; https://www.kairosresponse.org/companies_in_isr_settlemnts.html ; https://en.wikipedia.org/wiki/List_of_companies_operating_in_West_Bank_settlements ; https://www.business-humanrights.org/en/latest-news/norwegian-klp-fund-excludes-16-cos-for-their-links-to-israeli-settlements-in-the-west-bank/ ; https://www.bloomberg.com/news/articles/2025-06-30/norway-pension-fund-blacklists-firms-supplying-israeli-military ↩ ↩2 ↩3

  18. Global-e Online Ltd. corporate disclosures and trade-press coverage (Shopify pre-IPO equity stake, May 7, 2021; renewed exclusive Merchant-of-Record partnership, May 14, 2025; CEO Amir Schlachet’s Israeli military “Talpiot” program background), as documented in the underlying Digital domain audit; specific source URL not included in the audit excerpt reviewed for this dossier. ↩ ↩2 ↩3 ↩4 ↩5

  19. https://www.cbc.ca/news/canada/ottawa/shopify-suspends-russian-operations-temporarily-1.6377570 ; https://news.shopify.com/supporting-ukraine ↩ ↩2 ↩3

  20. https://www.cnbc.com/2020/06/02/tech-companies-donate-over-20-million-after-death-of-george-floyd.html ↩ ↩2 ↩3

  21. https://www.shopify.com/case-studies/sodastream ; https://www.whoprofits.org/publications/report/120 ; https://www.timesofisrael.com/everything-you-need-to-know-about-sodastreams-move/ ; https://www.bdsmovement.net/news/sodastream-close-illegal-settlement-factory-response-growing-boycott-campaign ↩ ↩2 ↩3 ↩4 ↩5

  22. https://www.newsweek.com/israels-settlement-wineries-split-fightback-against-eu-labeling-decision-431357 ; https://www.whoprofits.org/companies/company/4149?psagot-winery= ↩ ↩2

  23. https://masjidalaqsa.com/boycott-safe/shopify-israel-bds ↩ ↩2

  24. https://www.algemeiner.com/2022/02/23/shopify-offers-platform-to-those-selling-nazi-memorabilia-hosts-anti-israel-john-legend/ ↩

  25. Fidji Simo, October 2023 public statements on the Israel-Gaza conflict, reported via a search-engine-surfaced excerpt per the underlying Political domain audit’s own caveat that the finding rests on excerpt review rather than independently verified full text; specific source URL not included in the audit excerpt reviewed for this dossier. ↩ ↩2 ↩3

  26. https://www.jns.org/proud-jews-have-gone-into-their-shells-since-oct-7-shopify-president-says/ ↩ ↩2 ↩3

  27. https://www.paymentsdive.com/news/fiserv-capital-one-investment-melio-b2b-bessemer-shopify-accel/731885/ ; https://www.calcalistech.com/ctechnews/article/11xc6j9ds ; https://www.dnb.com/business-directory/company-profiles.melio_ltd.eb7cf88f2c0dee92695e07df61f720d4.html ; https://www.timesofisrael.com/new-zealands-xero-to-snap-up-israeli-fintech-startup-melio-for-up-to-3-billion/ ↩ ↩2 ↩3

  28. https://www.bloomberg.com/news/articles/2024-11-18/holocaust-denial-tests-tech-giant-shopify-s-free-speech-ethos ↩

  29. https://storeleads.app/reports/shopify/app/stand-with-israel ; https://apps.shopify.com/stand-with-israel ↩

  30. https://startupnationcentral.org/hub/blog/mncs-in-israel-434-rd-centers/ ↩ ↩2

  31. https://www.shopify.com/partners/directory/partner/ilshop ↩

  32. https://contactout.com/Eyal-Klein-128053 ; https://rocketreach.co/eyal-klein-email_13148291 ↩

  33. https://shopify.engineering/shopify-infrastructure-collaboration-with-google ; https://cloud.google.com/customers/shopify-compute ↩

  34. https://www.commondreams.org/news/etsy-israel ; https://www.middleeastmonitor.com/20240807-etsy-profiting-from-businesses-in-illegal-israeli-settlements-says-new-report/ ↩

  35. David Heinemeier Hansson, personal blog post (April 2021, predating Shopify board tenure by approximately 3.5 years), as documented in the underlying Political domain audit; specific source URL not included in the audit excerpt reviewed for this dossier. ↩

  36. https://www.taitaleila.com/s/stories/why-we-stopped-using-shopify ↩

  37. https://en.wikipedia.org/wiki/Anti-BDS_laws ↩