Prof G Markets

Zohran Mamdani Wins — Why NYC’s Mayor Race Was a Referendum on Inequality

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Nov 5, 2025
Harley Finkelstein, President of Shopify, shares insights on the company's impressive Q3 performance, emphasizing consumer resilience and innovative AI tools. Jessica Tarlov, host of Raging Moderates, delves into the profound effects of the historic U.S. government shutdown, touching on food insecurity and the political ramifications. Ed Elson discusses the recent NYC mayoral race, framing it as a reflection of growing anger over inequality, particularly spotlighting Zohran Mamdani's victory as a pivotal moment in the fight against systemic issues.
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INSIGHT

Shopify's Durable Growth Signal

  • Shopify shows durable, consistent growth with consecutive quarters of strong GMV and revenue gains.
  • Positive free cash flow for 12 consecutive quarters signals sustainable business economics.
ADVICE

Make AI A First-Line Tool

  • Make your company AI-reflexive by asking if AI can solve a problem before hiring.
  • Use AI to offload repetitive support tasks so staff can handle higher-value merchant conversations.
ADVICE

Ship Merchant-Facing AI Tools

  • Give merchants AI tools like Sidekick that know their business to speed decisions and content creation.
  • Track adoption: 750,000 merchants already use Sidekick to run reports, descriptions, and merchandising.
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