Canadian e-commerce platform Shopify lost $1.2 billion in the second quarter as more customers returned to in-store shopping and e-commerce growth slowed from its pandemic highs. It also said it expects to post an adjusted net loss for the remainder of 2022.
The company said net loss for the quarter was 95 cents per basic and diluted share compared to $900 million net income and 69 cents per share in the year-ago period. The Q2 loss included a $1 billion net unrealized loss on equity and other...
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