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Why Shopify-Backed Global-E Online Stock Exploded Higher This Morning

·2-min read

Shares of Global-E Online (NASDAQ: GLBE) charged sharply higher Tuesday, surging as much as 29.5%. Global-E Online generated second-quarter revenue of $87.3 million, which jumped 52% year over year, pushed higher by gross merchandise volume (GMV) of $534 million, which surged 64%.