Bearish or bullish? Experts react to Shopify's Q2 earnings - BNN Bloomberg

, which included a net loss of US$1.3 billion, down from a loss of US$1.2 billion a year earlier. The company also moved to reduce its workforce by around 20 per cent and sell its logistics business.

“We really just need to reset here and be realistic about what is not really a very differentiated business. This service is core to e-commerce, but it is not a differentiated service,” he said. He said that at this time, investors should avoid purchasing Shopify shares and “look for an entry point maybe in the low teens.”

Despite Trainer’s negative sentiment on Shopify shares, John Zechner, the chairman and founder at J. Zechner Associates, said in an interview with BNN Bloomberg Thursday that the company performed well during the second quarter.

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