Shopify stock falls nearly 7% as forecast disappoints amid escalating Amazon rivalry, price increases

Shopify stock falls nearly 7% as forecast disappoints amid escalating Amazon rivalry, price increases

Business
February 16, 2023 by secret
179
[ad_1] Shopify Inc. produced a better holiday quarter than expected according to a Wednesday earnings report, but a forecast for slowing revenue growth hit the stock in after-hours trading. Shopify SHOP, +6.55% sells e-commerce tools to merchants, a business that escalated quickly during the pandemic, as traditional bricks-and-mortar businesses jumped online to reach customers who