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

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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 ...

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  • Hans-Henrik Nielsen

    August 09, 2024 at 12:44 pm

    Lipstick on a ….

  • Bruno Sidler

    August 12, 2024 at 1:46 pm

    Flexport 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.

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Flexport Shopify Venture capital