YOU WONT BELIEVE: 5 | Mind Blowing Facts

Shopify Inc (NYSE: SHOP) shares trraded significantly lower Wednesday alongside several stocks in the broader technology sector amid weakness in tech-giant Netflix Inc (NASDAQ: NFLX).

Shopify Inc (NYSE:SHOP) sought approval to change its complex share structure to protect the voting power, including a 10-for-1 stock split, the Wall Street Journal reports. Co-founder and CEO Tobi Lütke proposed a new “founder share” that, combined with his existing supervoting Class B shares, increased his voting power to 40% from…

Affirm Holdings Inc (NASDAQ:AFRM) CEO Max Levchin, and CFO Michael Linford joined the firm's TMT Conference, Morgan Stanley analyst James Faucette noted. Affirm's partnerships with Amazon.com Inc (NASDAQ:AMZN), Walmart Inc (NYSE:WMT), and Shopify Inc (NYSE:SHOP) supported his view that these partnerships can bring meaningful upside to GMV and revenue. Faucette also gained conviction on Affirm's long-term demographic opportunity within financial…

Shopify Inc (NYSE:SHOP) collaborated with Shippo to make its internal shipping tool available in European markets. Shippo is a leading shipping platform for growing e-commerce businesses. European Shopify merchants will soon manage shipping within the Canadian e-commerce company's platform.  Shopify Shipping is already available in the U.K. and France, U.S., Canada, and Australia.…

Amazon.com Inc (NASDAQ:AMZN) had confidentially acquired Veeqo in November. The financial terms of the transaction remain undisclosed. Octopus Ventures, an investor in Veeqo, confirmed the deal. Veeqo makes tools to help online businesses sell products on and off Amazon. Amazon, which likely accounts for ~40% of the nation’s e-commerce sales, has long been pursuing…

Analysts slashed their price targets on Shopify Inc (NYSE: SHOP) 

Shopify Inc (NYSE: SHOP) is trading lower Wednesday morning after the company announced worse-than-expected fourth-quarter financial results and warned of slowing growth.

Shopify Inc (NYSE:SHOP) reported fourth-quarter FY21 sales growth of 41% year-on-year, to $1.38 billion, missing the consensus of $1.69 billion.  Revenue from Subscription Solutions rose 26% Y/Y to $351.2 million, primarily due to more merchants joining the platform and Merchant Solutions increased 47% Y/Y to $1.03 billion, driven primarily by the growth of…

Wedbush analyst Ygal Arounian lowered the price target on Shopify Inc (NYSE:SHOP) to $1,270 from $1,296 and reiterated an Outperform rating on the shares. The price target implies an upside of 42%. The analyst expects Shopify to report strong results in Q4, with more robust growth earlier in the quarter, offsetting slower overall BFCM and…