• CNBC reports that "for the first quarter, Shopify posted revenue of $988.6 million, which was up a whopping 110% compared with a year prior and trounced consensus estimates of $862.7 million."
According to the story, "Shopify cautioned that it expects revenue to keep growing in 2021 but at a slower rate than what it experienced last year … The company highlighted that gross merchandise volume more than doubled to $37.3 billion in the quarter as a sign that momentum remains robust. GMV is a metric often used in the e-commerce industry to measure the total value of goods sold over a certain period of time."
