The stock market is in brutal mode right now and signaling to the pandemic era stars that it is payback time. For example, shares of Shopify (SHOP) have shed 51% year-to-date with 16% of the decline coming in Wednesday’s session, following the Canadian ecommerce giant’s Q4 report.
That is despite the company beating the estimates on both the top-and bottom-line. Revenue increased by 41% year-over-year to reach $1.38 billion – $40 million above the consensus estimate, while non-GAAP EPS of $1.37 provided a $0.06 beat.
But as has become de rigueur, investors are no longer impressed by quarterly outperformance, they want confirmation the growth is set to continue. And this is a problem for many online companies, which were particularly in favor during the height of Covid’s impact; as consumers shifted spending habits online, some experienced huge growth sprouts which will not be…
