Comment / Flexport's losses pile up as Ryan shoots from the hip: 'Avoid VCs!'

ID 164826494 © Treboreckscher | Dreamstime.com

It was a materially different three-month stint to the end of June for Shopify (SHOP), judging by Mr Market’s reaction post-Q2 24 numbers out this week, compared to the previous quarter.

When it was hammered.

(Back then, we wrote: ’As Shopify tumbles, distress mounts at Flexport’.)

But luckily, one of Flexport’s chief backers, provided additional, however scant, disclosure on how to think about the San Francisco-based forwarder’s bottom line.

Rise

When I first looked, SHOP stock rose as much as +30% (from 2024 lows) on ...