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Cloud Stocks: Shopify Turns to AI and Crypto

Ontario-based Shopify (NYSE: SHOP) recently announced its quarterly results that surpassed market expectations. Shopify remains focused on emerging technologies of AI and cryptocurrency to keep driving growth. Shopify's Financials Shopify's second quarter revenues grew 31% to $1.7 billion, ahead of the markets estimates by 4.13%. Net loss was $1.3 billion, compared with a net loss of $1.2 billion a year ago. Non GAAP EPS was $0.14, ahead of the market's forecast of $0.03. By segme...
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Etsy Got Punished For Being Cautious But It Needs To Work Harder To Preserve Its Human Touch Superpower - Etsy (NASDAQ:ETSY)

Last week, Etsy Inc (NASDAQ: ETSY) shares plunged more than 13% after the small but worthy Amazon.com Inc (NASDAQ: AMZN) e-commerce rival issued a weak guidance that overshadowed its better-than-expected second quarter results. 
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Etsy Got Punished For Being Cautious But It Needs To Work Harder To Preserve Its Human Touch Superpower

Last week, Etsy Inc (NASDAQ: ETSY) shares plunged more than 13% after the small but worthy Amazon.com Inc (NASDAQ: AMZN) e-commerce rival issued a weak guidance that overshadowed its better-than-expected second quarter results. Etsy’s Second Quarter Results Revenue rose by 7.5% YoY as sales amounted to $628.9 million, topping Refinitiv’s consensus estimate of $619 million but its gross merchandise volume contracted a bit less than 1% to roughly $3 billion, exceeding Refinitiv&#x201...
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Source: yahoo.com

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