Shopify Stock Falls 7.6% After Company Discloses Profit Margin Drop Due to AI

T1Covered by 1 source · first reported by The Information (teasers) at 03 Nov, 20:24 UTC

Shopify reported that gross profit margin from its subscriptions business fell, partly as a result of higher spending on AI, sending Shopify stock tumbling 7.6%. The stock plunge was despite the company’s reporting 32% higher revenues of $3.7 billion for the September quarter, reflecting ...

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• T1Shopify Stock Falls 7.6% After Company Discloses Profit Margin Drop Due to AIThe Information (teasers)03 Nov, 20:24