ecommerce platform shopify incs new yorklisted shares were down in premarket trading after the company reported a loss in the first quarter and announced the acquisition of deliverr inc in a deal valued at 21 billion at 752 am et shares were down around 14 at 41700 the ottawabased company reported a loss per share of 1170 compared with a profit of 994 in the first quarter of 2021 while revenue came in at 12 billion just shy of analyst expectations of 124 billion shopify also said reached an agreement to acquire fulfillmenttechnology provider deliverr in a cashandstock deal looking ahead shopify said it would reinvest its gross profits back into the business noting that pandemicrelated drivers behind its surge in performance in 2021 are no longer benefiting the company this year