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They reported a loss on an investment in Affirm iirc. They're actually cash flow positive as a company, the loss is mostly just an accounting quirk.
by kypro 4y ago
They reported a loss on an investment in Affirm iirc. They're actually cash flow positive as a company, the loss is mostly just an accounting quirk.
- adventured 4y ago$97 million operating loss on $1.2b in sales. That one isn't an accounting quirk. Nor is the wall that their sales growth just ran into. The pandemic pulled future results forward by many years, Shopify will suffer near-term accordingly.
- Rastonbury 4y agoThe company might not be in major trouble, just using recent low share prices, tech industry layoffs and freezes to make some cuts on underperformers.
- curiousllama 4y agoYea, 10% doesn't scream disaster to me. A couple % from low performers across the company, a couple % from underperforming parts of the org, a couple % from reducing long-term/optimistic investments, and Shopify can drop 10% and keep growing. The layoff-consultant folks often say you can drop a third of a company and not see a major difference in performance. If Shopify were struggling, they might have seen if the consultants were right.
- Rastonbury 4y ago10% is pretty big actually for a public company not fighting for their life or with a runway, imagine 1 out of 10 of your coworkers gone, in addition to natural attrition.