Shares of Shopify Inc. (NYSE: SHOP) bounced back 6.4% to close at $938.49, after the company eased lingering concerns by stating that proposed changes will be made to Shopify Fulfillment Network (SFN), which will help merchants compete with big-box retailers by enabling shipping at affordable prices. Shopify Inc. is a Canadian multinational e-commerce company that provides infrastructure for online retailers to set up their stores online through a suite of services including payments, marketing, shipping, and customer engagement tools. Shopify Affirms Zero Reduction In Capacity Shopify confirmed that the proposed changes will not lead to capacity reduction and the same has been informed to its warehouse partners and merchants.
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Shopify (NYSE:SHOP)
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