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

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Shopify Inc. shares tumbled after the Canadian e-commerce company reported a surprise net loss in the first quarter after the sale of its logistics business last year.

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Shopify Tumbles as Margins Fall After Sale of Logistics BusinessShopify Inc. shares tumbled after the Canadian e-commerce company said gross margins would decrease in the current quarter as a result of the sale of its logistics business.
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