News / News of Shopify's 'nebulous' $1bn fulfilment strategy plays sinks stock

© Sergey Ishkov

Shopify’s latest quarterly results beat analysts’ projections for revenue and earnings, but that could not keep the Canada-based e-commerce giant’s stock from slumping.

It dropped 16% on the day the results were released, pushed down by predictions of slower revenue growth and an outlay of $1bn on fulfilment.

Shopify’s revenue in Q4 21 climbed 41% to $1.38bn, easily beating analysts’ expectations, but investors did not like management’s outlook, which forecasts revenue growth to slow, albeit still remaining ahead of e-commerce growth overall.

Nor ...