March 26, 2018 / 6:47 PM / 8 months ago

BUZZ-Shopify Inc: Down after Citron says Facebook issues could hurt Co

(Adds Shopify comment; updates share movement)

** Canada-based online retailing services provider’s down as much as 7.7 pct at C$168.62

** Short seller Citron Research says SHOP could suffer from fallout over scrutiny into Facebook's security practices (bit.ly/2G7i2hI)

** Citron called SHOP over-valued last year and has said it was investigating parts of the company’s business

** “It’s incorrect to say that our merchants’ success is tied to Facebook and its data,” Shopify spokeswoman Sheryl So said in a statement

** The company’s shares have risen 35.3 pct this year (Reporting by Karan Nagarkatti)

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