Why Shopify Stock Skyrocketed Last Week
Shopify's latest business update has investors feeling very bullish. Shopify's revenue increased 30.7% year over over in the second quarter, with gross merchandise volume conducted through the company's platform rising 31% annually to hit 185 million, and the business posted free cash flow of $422 million, good for a margin of roughly 16%. What's next for Shopify? For the third quarter, Shopify is guiding for a mid- to high- ...