Down 77%, Will Shopify Stock Bounce Back?
It's the dog days of summer for e-commerce company Shopify (NYSE: SHOP). The stock is down 77% year to date in light of historically high inflation levels and a reopening global economy, which has brought consumers back into brick-and-mortar stores. But macroeconomic conditions aren't the only thing negatively affecting the e-commerce stock at the moment.
In its most recent quarter, the company posted a big net loss, quite the no-no during times of economic uncertainty. So, what exactly is going on with Shopify's bottom line? And will the e-commerce software business bounce back in the coming years? Let's take a closer look at its current situation to come up with an answer.
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Source Fool.com
