The system will deploy encrypted, anonymized codes that will alert users who may have been exposed to someone with the virus at any time over the previous 14 days. It will then provide quick access to resources that will help users navigate the next steps, include symptom monitoring, self-isolation, or getting tested.
Many potential users worldwide have raised privacy concerns about contact-tracing apps. Ontario Premier Doug Ford addressed those fears and urged residents to sign up, saying that privacy was of the utmost concern and the No. 1 priority when developing the app and that Shopify and BlackBerry "nailed it."
In case you are keeping track:
Stock Market Rally Powers Higher Despite Rising Coronavirus Cases; Tesla, Shopify, Eli Lilly Are
New claims for jobless benefits slipped 128,000 in the June 13 week, but remained stubbornly high at 1.43 million. Meanwhile, 18.65 million people continued to claim regular jobless benefits in the prior week. That's down only 207,000 in the past three weeks, fueling doubt about how much of a continuing jobs rebound will be evident in the June employment report based on mid-month surveys of households and businesses.
May retail sales surged a record 17.7%, more than doubling estimates, as auto sales surged 44%. Outside of autos, retail sales jumped 12.4%. From a year ago, overall sales fell 6.1% and ex auto sales dropped 6.6%. Clothing store sales rocketed 188%, but remained 63.4% below year-ago levels. Sales of nonstore retailers led by Amazon ( AMZN ) rose 9% from April and 30.8% from May 2019. The retail rebound has continued into June. J.D.
Shopify Is Now Canada's Most Valued Stock. An Analyst Thinks It Can Hit $1,000.
Shopify stock hit record heights Thursday after RBC Capital analyst Mark Mahaney lifted his target on the e-commerce software company's shares to a Street-high $1,000 from $825.
With today's move, red-hot Ottawa-based Shopify (ticker: SHOP) tops the $100 billion market cap level for the first time, and eclipses Royal Bank of Canada —Mahaney's employer, as it happens—as the most valuable publicly traded company based in Canada.
Shopify Teams Up With Blackberry On Canadian Covid-19 App
Canadian Prime Minister Justin Trudeau has revealed that the government has been working with Canadian tech giants Shopify ( SHOP ) and BlackBerry ( BB ) on a contact-tracing Covid-19 app to be launched early July.
He added that it would be 'extraordinary useful' if half of Canadians sign up. "There are over 30 million smartphones that could take this app in Canada, so we can talk about a significant portion of the Canadian population that could be protected by this app" the Prime Minister said.
In case you are keeping track:
The Zacks Analyst Blog Highlights: Shopify, Facebook, Walmart, eBay and Amazon
Chicago, IL – June 19, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Shopify SHOP, Facebook FB, Walmart WMT, eBay EBAY and Amazon AMZN.
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The main thing about this company is that as of now, it primarily caters to small and mid-sized businesses that were lashed pretty bad by the lockdowns and social distancing norms in place. Government support did help them a bit, but many were hard-pressed to just get their stuff out to customers. So the primary need of the hour was an online presence , which is where Shopify had its gains in the last few months.
Shopify: Should We Add An 'S' To FAANG? (NYSE:SHOP) | Seeking Alpha
Stocks included in acronyms like FAANG come along very seldom, but when they do, they disrupt entire industries.
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Do you want to make an investment in the company left holding the carcass, or in the beast that just created the carcass after lunch?
Back on Aug. 2, 2019, the title of my article about a stock that begins with "S" was Shopify (NYSE: SHOP ) Is One Of The Best Growth Stories In The Market Today." Now that I have disclosed the name of the stock that begins with "S," let's see how it has done since I made that bold claim last fall.
Shopify, BlackBerry Team on App With Canada at Covid Milestone
Canada is partnering with Shopify Inc. volunteers and BlackBerry Ltd. on a contact tracing application for Covid-19 as cases in the country breached 100,000.
Prime Minister Justin Trudeau said users will be able to upload their test results voluntarily onto the app. All data will be kept anonymous, with no no location or personal information collected.
"It is an extra tool that helps people move forward with confidence that we're going to be able to track and trace more of the exposure, or the potential sharing of Covid-19 virus, around the country," said Trudeau who announced the partnership with the Canadian technology firms at a briefing outside his Ottawa residence on Thursday.
Threekit 3D and Augmented Reality Now Available to Over 1 Million Shopify Users | Furniture
In a world where in-store shopping isn't always an option, ecommerce is growing at an exceptional rate. In the past year, the category grew by 68 percent . But with 80 percent of shoppers stating they want to ’view-and-touch’ products before committing to buying them online, brands are challenged to find ways to bring the in-store experience online.
According to Shopify’s own research, published in March, one of the primary ways companies can do this is by offering 3D models in augmented reality. These visuals can increase conversion rates by up to 250% on product pages. But when brands with few resources for digital imagery attempt to customize features, colors, shapes, and sizes for their entire product inventories, they run into complex problems.
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