Finance
Shopify Reports Second-Quarter Profit, Revenue Up 21% on AI Boost
Shopify Inc. (NYSE, TSX: SHOP) announced its financial results for the quarter ending June 30, 2024, reporting a 21% increase in revenue to $2.05 billion, which beat analysts' estimates. Adjusted for the sale of its logistics businesses, revenue saw a 25% increase. The company also reported a 25%