It's a struggle for 'digital' forwarders, with 'poster boy' Flexport losing value
The proposed sale of ‘digital’ forwarder Forto, as well as EV Cargo, which also considers ...
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© 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 ...
Comment on this article
Hans-Henrik Nielsen
August 09, 2024 at 12:44 pmLipstick on a ….
Bruno Sidler
August 12, 2024 at 1:46 pmFlexport is going to run out of cash rather sooner than later. Turning on the VC’s, Ryan’s primary backers clearly shows the man is sailing into the abyss and he doesn’t care anymore.