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Shopify Earnings: Shares Are Soaring as It Realizes It's No Amazon

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Shopify Earnings: Shares Are Soaring as It Realizes It's No Amazon: https://g.foolcdn.com/editorial/images/730944/shop.png

In this video, I will cover 's (NYSE: SHOP) first-quarter earnings report, which beat on the top and bottom lines. I'll explain why the company sold its logistics business to Flexport and laid off 20% of the workforce, and why this was bound to happen.

*Stock prices used were from the trading day of May 3, 2023. The video was published on May 4, 2023.

Source Fool.com

Shopify Inc Stock

Shopify Inc gained 1.320% today.
Our community is currently high on Shopify Inc with 5 Buy predictions and 0 Sell predictions.
With a target price of 75 € there is a positive potential of 34.12% for Shopify Inc compared to the current price of 55.92 €.

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