Shopify reports Q1 revenue rose 22% YoY to $1.2B, below expectations, as GMV grew 16% YoY to $43.2B; Shopify will acquire Deliverr for $2.1B; stock drops 14%+ (Stefanie Marotta/Bloomberg)

Stefanie Marotta / Bloomberg:
Shopify reports Q1 revenue rose 22% YoY to $1.2B, below expectations, as GMV grew 16% YoY to $43.2B; Shopify will acquire Deliverr for $2.1B; stock drops 14%+  —  Shopify Inc. dropped as much as 16% after it missed analysts’ estimates for revenue and profit and announced the largest acquisition …