Ilya Banares / Bloomberg:
Shopify reports Q1 revenue up 25% YoY to $1.5B, vs. $1.43B est., GMV up 15% YoY to $49.6B, vs. $47.7B est., and plans to cut ~20% of its staff; SHOP jumps 20%+ — Shopify Inc. cut jobs for the second time in less than a year and agreed to sell the majority of its logistics business …
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