Shopify Inc. beat claims in a California federal court that it violated an anti-robocall law by enabling text messages from a retailer that uses the company's online platform.
No "significant facts" showed Shopify sent the messages, Judge Haywood Gilliam of the U.S. District Court for the Northern District of California, wrote Wednesday in granting the company's motion to dismiss the case.
While you're here, how about this:
Shopify Size.Link Tool Allows Customers to Visualize Product Fit in Their Own Space
Shopify merchants do have access to more advanced features through the company’s 3D modeling marketplace where merchants can hire experts to turn photos of their products into high-quality 3D models which can be uploaded to product pages on Shopify.
With custom 3D models, shoppers can view the exact item and size in every detail from any angle in their own space.
These kinds of advanced features enable Shopfiy merchants to offer their customers more information and detail which should lead to higher conversion and fewer returns.
Merchants on Shopify Get a Dedicated Pinterest App – Adweek
Pinterest teamed up with Shopify to create an application via the Shopify platform that enables merchants to upload their catalogs to Pinterest and turn products from those catalogs into shoppable product Pins .
The app provides merchants with easy setup and access to distribution across Pinterest, with or without ads, and adding a shop tab to a merchant's profile on the platform provides an additional product discovery conduit.
Shopify Could See Pullback Based on Bearish Divergences on Its Charts - RealMoney
During Wednesday's Lightning Round segment of Mad Money , one caller asked Jim Cramer about Shopify Inc. ( SHOP ) . "I want you to wait for a pullback, but they're terrific," Cramer said.
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In this daily Japanese candlestick chart of SHOP, below, we can see that prices have more than doubled from the recent March low. Wednesday's candle pattern looks like a possible bearish hanging man. A bearish candle here on Thursday will be confirmation of a reversal.
Quite a lot has been going on:
Shopify: Is This Rapid Grower a Value Stock?
On Feb. 14, GuruFocus contributor Robert Stephens wrote that he saw further upside for Shopify Inc. (NYSE:SHOP), even though its share price had risen 200% in 2019.
How right he was. Exactly three months later, with the stock trading around $750, it is up 41% from the Valentine's Day price of $533. This chart shows prices since the company went public in 2015:
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Indeed, in the six weeks between March 13 and April 24, the number of new stores created on the platform grew by 62% compared to the previous six weeks (pre-Covid-19). Its newly created fulfillment service also generated more revenue.
R|T: The Retail Times - Shopify is number one | BetaKit
The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.
Montréal-based Goodfood Market, an online grocery and meal-kit startup, has signed a lease for a new first fulfillment centre in the Greater Toronto Area.
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A so-called retail apocalypse may seem inevitable, but in these challenging times, it is more important than ever to look at how technology can turn the tide.
Shopify has begun expanding its fulfillment network to Canadian merchants as the company continues to develop the product-market fit its Amazon-style offering.
Shopify's COVID-19 Play (NYSE:SHOP) | Seeking Alpha
Shopify's soaring fortunes aptly demonstrate the key role investors think the company will play in the further development of e-commerce in the post-COVID-19 environment.
To justify the company's lofty heights, Shopify's task is clear: grow its platform merchant base and develop new service efficiencies to pull Shopify's profitability forward.
Shopify revenue surges as more businesses sell more goods online | Ad Age
Shopify reported first-quarter revenue that topped analysts' estimates as businesses moved swiftly online during the coronavirus pandemic.
Sales grew by 47 percent to $470 million from the same quarter a year ago, Ottawa-based Shopify said in a statement Wednesday. Analysts had expected about $443 million, according to data compiled by Bloomberg.
"We are working as fast as we can to support our merchants by re-tooling our products to help them adapt to this new reality," CEO Tobi Lutke said in the quarterly release.
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