Shopify misses as Q2 revenue grew 16% YoY to $1.3B and GMV reached $46.9B, up 11% YoY; SHOP drops 6%+, after crashing 14% on Tuesday due to layoffs (Stefanie Marotta/Bloomberg)

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Stefanie Marotta / Bloomberg:

Shopify misses as Q2 revenue grew 16% YoY to $1.3B and GMV reached $46.9B, up 11% YoY; SHOP drops 6%+, after crashing 14% on Tuesday due to layoffs  —  Shopify Inc. slumped in premarket trading after the company kicked off earnings season for e-commerce firms with a result that missed analysts’ estimates.