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Shopify reports Q2 revenue of $1.12B, up 46% YoY, and gross merchandise volume of $41.8B, up 35% YoY, and says cumulative GMV reached $400B (Reuters)

Reuters:
Shopify reports Q2 revenue of $1.12B, up 46% YoY, and gross merchandise volume of $41.8B, up 35% YoY, and says cumulative GMV reached $400B  —  Canada’s Shopify Inc’s (SHOP.TO) third-quarter revenue fell short of Wall Street estimates, hurt by stiff competition as rivals invest more money to develop their e-commerce platforms.

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