Canada’s Shopify Inc posted a bigger quarterly net loss on Tuesday as it spent more to add sellers to its e-commerce platform and expand fulfillment centres across the United States, sending shares down 8.6% before the bell. The company had said in June it planned to spend over $1 billion for more fulfillment centres, as it faces stiff competition from Amazon.com Inc and EBay Inc. The company’s net loss tripled to $72.8 million, or 64 cents per share, in the quarter ended Sept. 30, from a year earlier. …read more
Source:: Yahoo Finance
