Canada's Shopify cuts 10% of workforce as online shopping slows
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Stifel on Shopify (SHOP): 'we believe it is likely that the company will reduce the pace of its investments'
July 26, 2022 11:23 AM EDTStifel analyst Scott Devitt reiterated a Buy rating and {REMOVEPT} price target on Shopify (NYSE: SHOP).
The analyst comments "In this morning's memo, CEO Tobi Lütke suggested that the growth rate of U.S. eCommerce adoption, per the US Census Bureau, is returning to a similar trajectory as before the pandemic. Through the... More
Shopify (SHOP) is now down 16% on major job cuts
July 26, 2022 9:54 AM EDTShopify (NYSE: SHOP) is now down 16% on major job cuts.
... MoreShopify (SHOP) Confirms Plan to Cut 10% of Workforce
July 26, 2022 8:51 AM EDTShopify (NYSE: SHOP) announced:
Team,
Im sitting down to... More
