Shopify Posts $1.2 Billion Loss A Day After Slashing Workforce

Source: https://www.zerohedge.com/markets/shopify-posts-12-billion-loss-day-after-slashing-workforce
Published: Jul 27, 2022
Author: Tyler Durden
Post Date: 2022-07-27 12:03:10 by Horse
Views: 42

Canadian e-commerce platform Shopify lost $1.2 billion in the second quarter as more customers returned to in-store shopping and e-commerce growth slowed from its pandemic highs. It also said it expects to post an adjusted net loss for the remainder of 2022.

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