Comment / Shopify shuns 'logistics' – Flexport losses narrow in another forgettable year

ID 9843872 © Odina | Dreamstime.com

Shopify’s (SHOP) rather anaemic trading update released this week was certainly a ’non-event’ for Mr Market, at least when investors’ reaction is gauged against several previous occasions* when the Canadian ecommerce platform disclosed its financials.

(*More for November here; more here from August last year, and then here from May 2024.)

Essentially confirming its mighty $155bn-market-cap valuation after Q4/full-year numbers were released on Tuesday, 11 February, Shopify yet again disclosed some numbers about its investee, Flexport, in which it controls a large ...