Shopify stock plunges to two-year low as it signs US$2.1-billion deal to buy Deliverr


Shopify Inc. is making the biggest acquisition in its history as it tries to reverse the flagging faith in its growth path that has knocked it well off the perch of Canada's most valuable company.

The e-commerce giant had already lost well over $100 billion in market capitalization in recent months before its announcement Thursday that it would buy logistics company Deliverr Inc. for US$2.1 billion pushed its stock down more than 18 per cent in morning trading.

https://ca.finance.yahoo.com/news/canadian-press-newsalert-shopify-signs-111621230.html


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *