Ecommerce: Shopify surpasses Q1 estimates and sells delivery business to Flexport

Views 17K Contents 7

PREMOSULTRAA joined discussion · May 4, 2023 22:08

Shopify cuts 20% of workforce, stock price goes up 20%

$Shopify (SHOP.US)$ on Thursday announced it’s cutting 20% of its workforce. The news came as it reported first-quarter earnings that beat analyst estimates on both the top and bottom lines.
Shares of Shopify closed up 23% on Thursday.

Shopify is also selling 6 River Systems, the warehouse robot maker it acquired in 2019 for $450 million, to U.K. retail tech company Ocado. Terms of the Flexport and Ocado deals weren’t disclosed.

AND... $Shopify (SHOP.US)$ CEO anthonynoto bought another 50,000 shares on the open market

$Amazon (AMZN.US)$ $Nasdaq Composite Index (.IXIC.US)$ $SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

36K Views

Comment

PREMOSULTRAA

Video Sharer

749Followers

68Following

2184Visitors