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Shopify Earnings Report: Selling Logistics Business & 20% Workforce Cut
In this video, I will cover Shopify stock first-quarter earnings report which beat on the top and bottom line, and explain why the company sold its logistics business to Flexport and laid of 20% of the workforce. 👉A portion of this video is sponsored by The Motley Fool.
Visit https://fool.com/couchinvestor to get access to my special offer. The Motley Fool Stock Advisor returns are 395% as of 4/27/2023 and measured against the S&P 500 returns of 118% as of 4/27/2023. Past performance is not an indicator of future results. All investing involves a risk of loss. Individual investment results may vary, not all Motley Fool Stock Advisor picks have performed as well.
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Don't forget to do your own research before buying into a stock!
DISCLAIMER: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read and/or view here. #shopify #investing #earnings
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