Shopify Q1 earnings, former OpenSea employee convicted of NFT insider trading, Fed hikes 25 bps
twistticker.substack.com
Shopify Q1 earnings: GMV: $49.6B (+15% y/y), revenue: $1.5B (+25% y/y), subscription revenue: $382M (+11% y/y), FCF: $86M, net income: $68M; shares are up 18% after CEO Tobi Lütke announced the company would be cutting staff by 20% - Link Shopify has sold its logistics business to Flexport, after spending years building out its order-fulfillment business; Shopify will receive ~13% equity interest in Flexport -
Shopify Q1 earnings, former OpenSea employee convicted of NFT insider trading, Fed hikes 25 bps
Shopify Q1 earnings, former OpenSea employee…
Shopify Q1 earnings, former OpenSea employee convicted of NFT insider trading, Fed hikes 25 bps
Shopify Q1 earnings: GMV: $49.6B (+15% y/y), revenue: $1.5B (+25% y/y), subscription revenue: $382M (+11% y/y), FCF: $86M, net income: $68M; shares are up 18% after CEO Tobi Lütke announced the company would be cutting staff by 20% - Link Shopify has sold its logistics business to Flexport, after spending years building out its order-fulfillment business; Shopify will receive ~13% equity interest in Flexport -