Shopify (NYSE: SHOP) stock soared on its earnings report last week, but the big news wasn't the company's first-quarter results.

It was the company's decision to sell off Deliverr, the logistics company it acquired less than a year ago, and the rest of the Shopify Logistics division. Additionally, the company is selling Six River Systems, a logistics company known for its mobile robot, to grocery fulfillment company Ocado.

While the decision to sell Deliverr to Flexport may sound like a failure of its original plan to move deeper into logistics and fulfillment, selling to Flexport looks like a win-win. Shopify isn't folding its ambitions in logistics by any means. It's finding a strategic partner and moving the heavy expenses associated with logistics off its books.

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Source Fool.com