2024-01-21
The Information
2 related
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress balance sheet quite recently. 2. Why does Shopify need this? X: Austi...
2024-01-20
The Information
2 related
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report FreightWaves : Flexport raises $260M from Shopify Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress balance sheet quite ...
2022-07-27
Bloomberg
4 related
Shopify misses as Q2 revenue grew 16% YoY to $1.3B and GMV reached $46.9B, up 11% YoY; SHOP rises 6%+, after crashing 14% on Tuesday due to layoffs
Shopify Inc. rallied, reversing losses in premarket trading, as Chief Executive Officer Tobi Lutke urged investors to overlook the slowdown … Source: Shopify .
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