Shopify shares sink as company posts Q1 loss, forecasts slower revenue growth

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Shopify Inc.'s shares dropped 19.5 per cent as the company reported a loss in its latest quarter and slower revenue growth for next quarter in its financial outlook.

Shopify Inc.'s shares dropped 19.5 per cent as the company reported a loss in its latest quarter and slower revenue growth for next quarter in its financial outlook.

On an adjusted basis, Shopify says it earned 20 cents US per diluted share in its latest quarter, up from an adjusted profit of a penny US per share in the first quarter of 2023.Ontario Provincial Police say 64 suspects are facing a combined 348 charges in connection with a series of child sexual exploitation investigations that spanned the province.

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