Why Shopify Stock Got Knocked Down Today

Shares of e-commerce software company Shopify (SHOP -12.04%) got knocked down on Tuesday after the company reported financial results for 2023 and set some guidance for the first quarter of 2024. As of 11:30 a.m. ET, Shopify stock was down 11%.What the market simply didn't likePrior to today's drop, Shopify stock was up about 50% in just three months. Investors were increasingly optimistic because revenue growth was picking back up and its profit margins were improving. Those are good things that the market ...