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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 87.8billion.Monthlyrecurringrevenueroseroughly9.587.8 billion. Monthly recurring revenue rose roughly 9.5% year over year to reach 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- ...