✉news BusinessFinance first seen 1 d ago, last 1 d ago, peak #32
Shopify shares plunge 19% after Q3 revenue miss
Original: Shopify tanks 19% premarket as Q3 GMV, subscription revenue miss estimates
Shopify shares fell about 19% in premarket trading after the company reported third-quarter results that missed analyst expectations on gross merchandise volume and subscription revenue. The shortfall raises questions about the pace of e-commerce growth and merchant demand heading into the holiday season, with investors reacting sharply to the weaker-than-expected figures.
Why now: Investors are reacting to Shopify's unexpected revenue and GMV miss in its latest quarterly results.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/4750134