— The streaming audio stock fell just shy of 9% after the company's monthly active users for the first quarter disappointed investors. Spotify also cut its full year guidance for the metric. The company did report a smaller-than-expected loss for the first three months of the year.
— Shares of the e-commerce company popped nearly 10% after Shopify reported adjusted earnings per share that were close to triple what analysts had projected. The company reported $2.01 in adjusted earnings per share on $989 million in revenue. Analysts surveyed by Refinitiv were expecting 74 cents per share and $865 million in revenue.
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