Shopify shares tumble after the e-commerce firm said gross margins would decrease due to the sale of its logistics business https://t.co/V5quRISnQI
Shopify Revenue Surges but Stock Plummets on Surprise Loss https://t.co/0wbf9xbM57
$SHOP Shopify beats, guidance light. -17% pre-market https://t.co/lKyxbt6eL7


Shopify, the Canadian e-commerce platform, has experienced a significant stock slump following its latest financial disclosures. The company's shares tumbled after it announced a decrease in gross margins due to the sale of its logistics business. Additionally, Shopify reported a surprising quarterly loss despite a surge in revenue. This downturn in stock value occurred as the firm forecasted a downbeat revenue for the second quarter, attributing the decline to a decrease in merchant sign-ups amid market uncertainties. This series of financial setbacks occurred just before the company's earnings report, which also revealed that Shopify's future financial guidance was lighter than expected, with shares down 17% pre-market and a further 20% drop following the announcement.