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Shopify Shares Plunge 20% In Company’s Worst-Ever Trading Day After E-Commerce Giant Warns Of Sales Slowdown

Shopify Shares Plunge 20% In Company’s Worst-Ever Trading Day After E-Commerce Giant Warns Of Sales Slowdown

Share to FacebookShare to TwitterShare to LinkedinTopline Shares of Shopify were down by the most in the stock’s history in midday trading Wednesday after the e-commerce giant reported a surprising first-quarter loss and warned that last year’s sale of its logistics business could shrink revenue growth this quarter—wiping off more than a billion dollars from…

Rowing startup Hydrow acquires a majority stake in Speede Fitness as their CEO steps down

Rowing startup Hydrow acquires a majority stake in Speede Fitness as their CEO steps down

Hydrow, the at-home rowing machine, announced Thursday that it has acquired a majority stake in Speede Fitness, the company behind the AI-enabled strength training machine. The rowing startup also announced that CEO and founder Bruce Smith will step down, and President and CFO John Stellato will take over day-to-day operations, per CNBC. Smith is now…