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Shopify recorded a $1.3 billion impairment charge related to its fulfillment foray.
Fool.com contributor Parkev Tatevosian reviews how Shopify's (SHOP -1.21%) decision to spend billions expanding services to merchants ultimately backfired.
*Stock prices used were the afternoon prices of Aug. 5, 2023. The video was published on Aug. 7, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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