Why Shopify Inc. Stock Dropped Today
Shares of Shopify Inc. (NYSE: SHOP) fell 11.6% on Wednesday after short-seller Citron Research released a new report describing the e-commerce platform specialist as a "get-rich-quick" scheme that runs afoul of Federal Trade Commission regulations.
With the caveat that Shopify's platform is arguably "the best build-your own e-commerce software on the market," Citron founder Andrew Left likened Shopify and its affiliate program to Herbalife, which last year was required to pay a $200 million settlement with the Federal Trade Commission for misrepresenting the earnings potential of its own distributors.
IMAGE SOURCE: GETTY IMAGES.
Source: Fool.com
Shopify Inc Aktie
70,96 €
-1,83 %
Die Shopify Inc Aktie steht recht gut da: Mehr Buy- als Sell-Einschätzungen in der Community.
Das Community-Kursziel von 75 € für Shopify Inc deutet auf ein leicht positives Wachstumspotenzial gegenüber 70.96 € hin.
