Shopify (SHOP) To Lay Off 20% Of Employees & Earnings

<p>Shopify (SHOP) is to layoff 20% of its employees. Jenny Horne discusses this, as well as SHOP's earnings which were released today, May 4th, premarket. Its adjusted EPS came in at $0.01 versus an estimated -$0.04 and its revenue came in at $1.51B versus an estimated $1.44B. SHOP also announces the sale of logistics arm to Flexport. Flexport is to become SHOP's preferred logistics partner. Tune in to find out more about the stock market today.</p>