U.S. stock market fluctuations | Q2 revenue growth will slow down, Shopify (SHOP.US) fell more than 8%

According to the Securities Times, on Tuesday, Shopify (SHOP.US) fell over 8%, marking its largest decline since February, now trading at $117.62. In terms of news, SHOP reported a 34% increase in first-quarter revenue, reaching $3.17 billion, exceeding the expected 31% growth rate and surpassing the company's anticipated low 30% growth rate. This was mainly due to a 39% surge in merchant solutions revenue, totaling $24.2 billion. Gross merchandise volume (GMV) surpassed $100 billion for the first time, reaching $100.7 billion (a 35% year-on-year increase), a significant milestone indicating continued increase in platform adoption and merchant engagement.