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Shopify confirmed it had canceled contracts with its warehouse and fulfillment partners, but said its ability to process orders would not be affected; shares close 14% down (Stefanie Marotta/Bloomberg)
Stefanie Marotta / Bloomberg:
Shopify confirmed it had canceled contracts with its warehouse and fulfillment partners, but said its ability to process orders would not be affected; Stocks close 14% down– Shopify Inc. The biggest drop since March 2020 after it was reported that the Canadian e-commerce company had terminated contracts with several warehouse and shipping partners.
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