OTTAWA — Shopify Inc. says it recorded a US$1.3 billion loss in its most recent quarter as the company laid off 20 per cent of staff and sold its logistics business. OTTAWA — Shopify Inc. says it recorded a US$1.3 billion loss in its most recent quarter as the company laid off 20 per cent of staff and sold its logistics business. The Ottawa-based e-commerce company says the net loss in its second quarter compared with a net loss of US$1.2 billion a year earlier. The results for the company, which reports in U.S. dollars, worked out to a net loss of $1.02 per share compared with a loss of 95 cents per share a year ago. The company's revenue hit almost US$1.7 billion in the quarter compared with roughly US$1.3 million in the same quarter a year ago.

Source: Libya Today August 02, 2023 22:02 UTC