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Benzinga
Benzinga
Business
FreightWaves

Shopify Posts $1.2 Billion Loss A Day After Slashing Workforce

 

Canadian e-commerce platform Shopify lost $1.2 billion in the second quarter as more customers returned to in-store shopping and e-commerce growth slowed from its pandemic highs. It also said it expects to post an adjusted net loss for the remainder of 2022.

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