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The e-commerce platform can't jettison plausible monopoly claims made by the buy now, pay later company, a federal judge ruled Monday.
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All three major US stock indexes were up in late-morning trading Tuesday, as oil prices slid despite
Shopify stock fell Tuesday after the e-commerce platform reported continued top-line growth but weak earnings in the first quarter. After including investment losses, Shopify swung to a loss of 45 cents a share in the quarter. Shopify stock fell 6.3% in premarket trading.
Shopify on Tuesday reported first quarter operating profit that missed consensus estimates while revenue edged by views. Shopify stock tumbled as investors mulled guidance and the size of the revenue beat. Canada-based Shopify reported March quarter earnings before the market open.