Citron's Left Says Shopify Violated 'Every FTC Rule'

The video discusses Citron Research's critique of Shopify, labeling it a 'get rich quick' scheme. Citron's Andrew Luck highlights concerns about Shopify's business model, alleging violations of FTC rules and comparing it to Herbalife. The discussion includes Shopify's customer base, with a focus on the 470,000 users not previously scrutinized. Allegations include misleading business opportunities and undisclosed compensation to partners. The video concludes with a look at Shopify's partner program and its potential legal implications.

What was the main criticism of Shopify by Citron Research?

• It has too many large merchants.

• It is undervalued in the market.

• It is a 'get rich quick' scheme.

• It is a legitimate e-commerce platform.

What comparison is made between Shopify and another company in the allegations?

• Alibaba

• Herbalife

• eBay

• Amazon

Which act is Shopify accused of violating according to the allegations?

• Consumer Protection Act

• Business Opportunities Act

• E-commerce Act

• Digital Marketing Act

What is a key feature of Shopify's partner program?

• It is regulated by the FTC.

• It involves only large corporations.

• It is fully disclosed to the public.

• It includes bloggers and influencers.

What is a major issue with Shopify's partner program as per the allegations?

• It is not available in all countries.

• It is too expensive for small businesses.

• It lacks transparency in compensation.

• It only benefits Shopify Plus users.