Shopify shares fell about 16% in early trading after gross merchandise volume came in slightly below analysts’ expectations. In the third quarter, revenue increased 32% to $3.7 billion, while free cash flow jumped 61% to $816 million. Gross merchandise volume reached $119.2 billion, compared with a consensus estimate of approximately $120.1 billion. The company nevertheless expects revenue to grow by a low-thirties percentage rate in the fourth quarter.
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