The e-commerce company announced it will be cutting its global workforce by 20%.
Shares of the ecommerce company were down more than 10% in after-hours trading.
Shopify saw its shares sink further towards pre-pandemic levels thanks to an earnings update filled with spoiled goods.
The post-pandemic e-commerce slump makes its mark on Shopify, sending shares tumbling to lose all their pandemic gains.
Strike announces a collab with SHOP to bring Bitcoin Lightning payments to the e-commerce giant.
Investors think Shopify might be a bit of spendthrift after getting spooked by the amount of cash it’s splashing on fulfillment centers.
The online army is “buying to try” with Shopify stock on Friday, having had their ears perked by impressive earnings last month.
E-commerce giant Shopify posts its first revenue miss in five years with its third quarter earnings, but shares are up in after-hours trading nevertheless because its future is looking bright.
Despite blowing past expectations and topping $1 billion in revenue for the first time, shares of Shopify slip as investors worry about how the e-commerce giant will fare post-COVID.
Shopify soars over 11% after its Q1 earnings beat previous estimates into pulp, reporting a revenue growth of more than 100%. Killing it.
Shopify bounces back after losing 5% yesterday following the announcement that three of its senior execs will be leaving the company.
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