Shopify Earnings Beat, Revenue Growth Re-accelerates
The company’s U.S.-listed shares rose 5% in trading before the bell. The stock has lost more than three-quarters of its value so far this year.
Best known as a one-stop-shop platform for online businesses, Shopify is slowly moving into offline payments and adding more tools for businesses to connect with their shoppers online and build on the growth of influencers on social media.
The new tools, such as the offline payments devices it provides retailers, could help Shopify cope with a post-pandemic slowdown in e-commerce.
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