Shop shares rise as Shopify sells logistics business to Flexport, Q1 earnings surprise
E-commerce company Shopify (shop) topped analyst estimates on revenue and earnings for the March quarter early Thursday. Shop shares rose after the company announced the sale of its delivery and logistics business to Flexport. X Increasing investments in the fulfillment/logistics business put pressure on Shopify’s stock. Analysts said Shopify may never catch up Amazon.com (AMZN)…