Spencer Soper / Bloomberg:
Shopify reports Q1 revenue up 23% YoY to $1.9B, GMV up 23% YoY to $60.9B, and expects gross margins to drop by ~50 basis points YoY in Q2; SHOP plummets 18%+ — The company posted a loss of $273 million after a profit of $68 million a year earlier. The loss per share was 21 cents on revenue …
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