(Bloomberg) — Shopify Inc. dropped as much as 16% after it missed analysts’ estimates for revenue and profit and announced the largest acquisition in its history, a $2.1 billion deal for delivery startup Deliverr.
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The Canadian e-commerce software firm earned 20 cents per share on an adjusted basis in the first quarter, short of analyst calls for 64 cents. Revenue rose 22% to $1.2 billion from a year earlier, but couldn’t match analyst expectations of $1.25…
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