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"Shopify posted earnings of 64 cents per share and revenue of $2.16 billion, exceeding analysts' expectations. The company expects revenue growth in the mid- to high-twenties in the current quarter, surpassing Wall Street's expectations. Gross merchandise volume increased 24% year over year to $69.7 billion. Shopify is investing heavily in marketing to gain further market share, competing with e-commerce giants Amazon and Walmart, as well as software providers like Salesforce and BigCommerce."
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