Canada's Shopify Inc raised its 2019 profit and revenue forecast on Tuesday...
FILE PHOTO: The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. REUTERS/Chris Wattie
The company, which has been investing heavily to increase its market share, launched a new line of point-of-sale hardware and more recently introduced story advertisements on Snapchat to attract new merchants. Revenue from Shopify’s merchant solution business rose to $180 million in the first quarter ended March 31 from $114.1 million.
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