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Armistice Capital LLC Cuts Stake in Shopify by 59%

Last week, a well-known hedge fund based in New York significantly reduced its stake in Shopify is a multinational, e-commerce company headquartered in Ontario, Canada. The company offers e-commerce solutions for micro, small and large businesses, allowing them to sell their services and products online without any hitches.

The hedge fund in question, Armistice Capital LLC, is a global value-oriented and event-driven hedge fund that focuses primarily on the healthcare and…

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