shopify incshop shares are trading lower friday amid overall market weakness following a worsethanexpected q2 earnings report from snap inc snap weakness in snap has weighed on internet and techrelated stocks and dimmed sentiment going into the earnings season snap said secondquarter revenue increased 13 yearoveryear to 111 billion which missed the estimate of 114 billion according to data from benzinga pro the social media company reported a quarterly loss of 2 cents per share which missed the estimate for a loss of 1 cent per share shopify offers an ecommerce platform primarily to small and midsize businesses at the time of publication shares were down 765 at 3732 see also why snap stock is plunging today shop price action shopify has traded as high as 17629 and as low as 2972 over a 52week period