Shopify reports Q1 revenue rose 22% YoY to $1.2B, below expectations, as GMV grew 16% YoY to $43.2B; Shopify will acquire Deliverr for $2.1B; stock drops 14%+ (Stefanie Marotta/Bloomberg) –

Stefanie Marotta / Bloomberg:
Shopify reports Q1 revenue rose 22% YoY to $1.2B, below expectations, as GMV grew 16% YoY to $43.2B; Shopify will acquire Deliverr for $2.1B; stock drops 14%+  —  Shopify Inc. missed analysts’ estimates for revenue and profit and announced a $2.1 billion deal for startup Deliverr, the largest acquisition in its history.

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