In this video, I will be going over Shopify's (SHOP 1.17%) second-quarter earnings report and will explain why the stock went up after a disappointing quarter.

  • On Tuesday, the company announced it is letting go of 10% of its workforce. 
  • The company completed the acquisition of Deliverr on July 8. This is going to improve its logistics network over time. 
  • The company reported revenue of $1.3 billion and a net loss of $1.2 billion. 
  • Management sees 2022 as a transition year. 

For the full insights, watch the video, consider subscribing, and click the special offer link below.

*Stock prices used were the closing prices of July 26, 2022. The video was published on July 27, 2022.