Australia markets open in 34 minutes
  • ALL ORDS

    6,762.40
    +71.00 (+1.06%)
     
  • AUD/USD

    0.6954
    +0.0002 (+0.03%)
     
  • ASX 200

    6,578.70
    +50.30 (+0.77%)
     
  • OIL

    106.26
    -1.36 (-1.26%)
     
  • GOLD

    1,834.20
    +3.90 (+0.21%)
     
  • BTC-AUD

    30,391.55
    -679.93 (-2.19%)
     
  • CMC Crypto 200

    462.12
    +8.22 (+1.81%)
     

Shopify's Net Losses in Q1 2022 Are Not Because of Fulfillment Network

·5-min read
Shopify's Net Losses in Q1 2022 Are Not Because of Fulfillment Network
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Now investors can add one more item to the list of concerns: Shopify reported a $1.47 billion net loss in Q1 2022, compared to a $1.26 billion net profit a year ago. During the full-year 2021 financial update a few months ago, Shopify outlined how it would ramp up its investment in its shipping and logistics segment Shopify Fulfillment Network (SFN) in the next couple of years. This concerned some shareholders as Shopify continuously moves away from its ultra-asset-light and profitable e-commerce software business as it tries to woo over more merchants from platforms like Amazon.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting