DocuSign hires Google vet as CEO

DocuSign on Thursday said its board hired Allan Thygesen as its new chief executive. The electronic-signature platform said Thygesen would take the helm and assume a role on its board of directors on Oct. 10. He will replace Mary Agnes "Maggie" Wilderotter as CEO. Wilderotter will stay on as chairman of DocuSign's board. Thygesen will join the company from Alphabet's Google, where he worked as president, Americas & global partners and led the search giant's ad business in North and South America Read More...

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Why Shopify Stock Was Getting Dumped Today

Shopify (NYSE: SHOP) stock was among the big losers of the session on Thursday. Shares of the e-commerce software company fell in response to the Federal Reserve’s 75-basis-point hike to the benchmark federal funds rate Wednesday, as well as commentary about future interest rate hikes. Like most e-commerce stocks, Shopify has been hit hard this year, both due to investors’ intensifying concerns that a recession is coming and the difficult growth comparisons it faces against 2021, when COVID-19 was still causing large numbers of consumers to avoid brick-and-mortar retailers.

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