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Shopify first rose after Tuesday posting better than expected results before the market. The stock then declined later in the morning and was down 7% as traders reacted to a mixed stance, a new supply of securities and a possible slowdown in the number of net traders added to the platform
If Shopify does not attract new merchants on its platform, as MacMillan has suggested RBC, the company's forecasts for the rest of the year seem even worse.
"When we look at the forecast for the year, when you make transactions at such a high multiple, you can not have a small increase," said MacMillan.
The company also released a revised publication of results Tuesday, Shopify said the corrections were "minor" changes to its wording, as it updated the words "pay" and "payments" in the descriptions of the company's products.
– CNBC
Tom Franck
this report.
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