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Why Shopify Stock Just Exploded Higher

TheMotleyFool

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Shopify (NASDAQ: SHOP) stock soared 22% through 9:45 a.m. Wednesday after reporting stronger-than-expected Q2 sales this morning.

Instead of the $2.55 billion Wall Street was expecting, Shopify collected $2.68 billion in revenue in Q2, helped by strong "gross merchandise volume" (GMV) facilitated by its software -- $87.84 billion.

Image source: Getty Images.

Source Fool.com