Stefanie Marotta / Bloomberg:
Shopify misses as Q2 revenue grew 16% YoY to $1.3B and GMV reached $46.9B, up 11% YoY; SHOP drops 6%+, after crashing 14% on Tuesday due to layoffs — Shopify Inc. slumped in premarket trading after the company kicked off earnings season for e-commerce firms with a result that missed analysts’ estimates.
