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Briefing
e-commerce

Shopify Forecasts Revenue Slowdown in First Quarter

By
Ann Gehan
· · Source: The Information

E-commerce software giant Shopify forecast that its year-on-year revenue growth would come in at less than 20% in the first quarter, blaming higher inflation that’s weighing on consumer spending. Revenue totaled $1.7 billion in the fourth quarter, up 26% from the year ago period. Revenue from Shopify’s services business, which includes offerings like payment processing, fulfillment and...

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