Shopify saw $1.3B loss in Q2 as it laid off staff, sold logistics business - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

Shopify Inc. says it recorded a US$1.3 billion loss in its most recent quarter as the company laid off 20 per cent of staff and sold its logistics business.

The Daily Chase: U.S. credit rating downgraded; Cameco quarterly results6.6 million 'unsafe vehicles' ply the roads despite safety recalls: Transport CanadaThe Daily Chase: Uber shares surge; TFI reports resultsThe Daily Chase: Tentative deal in port strike; Salesforce pressure pointFederal government posts $1.

5B surplus for first two months of fiscal year​Ontario online gambling wagers hit $14B in Q1: iGO report​Canadian banks 'show no urgency' in race to net zero: ReportBank of Canada mindful of not overdoing rate hikes, summary of deliberations revealsCanadian companies not planning to return to five-day weeks after four-day trialFlight delays at Canadian airlines far outstrip peers in U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EQ Bank owner EQB Inc. sees earnings rise in second quarter, boosts guidance - BNN BloombergEQB Inc., the company that owns EQ Bank, says it earned $130.9 million in the second quarter, up from $58.8 million a year earlier.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Shopify saw $1.3-billion loss in second quarter as it laid off staff, sold logistics businessOttawa-based e-commerce company says the net loss in its second quarter compared with a net loss of US$1.2 billion a year earlier
Source: globeandmail - 🏆 5. / 92 Read more »