Canada's most important tech firm, Shopify, posted adjusted beatfor Q1.
stock plunges 20% following earnings. Shopify checked most of the boxes during its first-quarter earnings results late Tuesday, but that just wasn’t enough for the market’s outsized ambitions. The eCommerce solution has traded down more than 20% on Wednesday morning as the broader market tumbles in tandem. Both the S&P 500 and NASDAQ are down more than 0.3% at the time of writing. Shopify earnings: Not quite good enough The major points of the earnings release were positive.
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