Shopify stock plummets 19% as it forecasts slower growth in 2022

Shopify's stock fell as much as 19 per cent following the release of fourth quarter results on Wednesday.

Shopify’s stock fell as much as 19 per cent following the release of fourth quarter results on Wednesday.

Shopify’s stock plummeted as much as 19 per cent on Wednesday as the company forecast slower growth in 2022 due in part to inflation concerns.

The e-commerce company says it expects revenue growth in 2022 to be lower than the 57 per cent growth it achieved in 2021, a year that saw Shopify’s stock hit a high of $1,762.92 last November as it held the position of most valuable company in…


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