Shopify Forecasts Slowing Revenue Growth, Shares Fall

Shopify Forecasts Slowing Revenue Growth, Shares Fall
An employee works at Shopify's headquarters in Ottawa, Ontario, Canada on Oct. 22, 2018. Chris Wattie/Reuters
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Canada’s Shopify Inc. on Wednesday forecast a slowing pace in first-half revenue growth, indicating the e-commerce boom seen during the pandemic is cooling as retailers shift their focus back to brick-and-mortar stores from online.

U.S.-listed shares of the company were down about 6 percent in trading before the bell.