Many ecommerce websites were down for a short period Friday evening when Cloudflare Inc. faced network issues. Sites remained offline for 27 minutes while the website-security service provider worked to fix an error with a router in Atlanta that affected half of its network, according to a July 17 blog post by Cloudflare .
Several ecommerce hosting websites, software platforms and apps were affected by Cloudflare's downtime, including Shopify Inc. Several retailers Digital Commerce 360 tracks in its rankings of the largest ecommerce retailers in North America use Shopify either fully or partially as their ecommerce platform provider. Thirty-eight merchants in the 2020 Digital Commerce 360 Top 1000 use Shopify and 78 in the Next 1000 use the platform provider.
Quite a lot has been going on:
Zoom, Shopify, Other Rich-Value Tech Stocks Continue Run - TheStreet
Investor enthusiasm for richly-valued tech companies that they see as winners in the current environment isn’t letting up - at least for the moment.
Several of the aforementioned companies have now more than doubled on the year. The list includes Zoom (up 295%), Fastly (up 324%), Twilio (up 166%), Wayfair (up 150%) and Peloton (up 126%).
Likely contributing to the continued strength in tech companies seen as benefiting from the current environment: the recent spike in covid-19 cases in many southern and western states. This has led reopenings to be paused or reversed in many parts of the U.S., reinforcing investor perceptions of such companies as safe havens.
Shopify (SHOP) Executives are Making Moves with Their Shares
On July 17, the Non-Executive of Shopify ( SHOP ), John Phillips , sold shares of SHOP for $3.87M.
Following John Phillips’ last SHOP Sell transaction on June 11, 2020, the stock climbed by 203.0%. In addition to John Phillips, 5 other SHOP executives reported Sell trades in the last month.
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Based on Shopify’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $470 million and GAAP net loss of -$31,429,000. In comparison, last year the company earned revenue of $320 million and had a GAAP net loss of $24.15 million. The company has a one-year high of $1074.98 and a one-year low of $282.08. The Company has a Price to Book ratio of 41.59.
Shopify, the Canadian Government work together to launch in Go Digital Canada - ThePaypers
Go Digital Canada is a programme built to help small businesses digitalise and create an online presence that will ultimately aid their survival in the ‘new normal’. The solution provides small businesses with resources and tools to grow their businesses by getting online.
In addition, in order to help businesses provide a seamless omnichannel experience that will help them reopen their retail stores, Shopify will be offering eligible merchants a free Tap & Chip Reader and POS Pro until 31 October.
Quite a lot has been going on:
Shopify adds virtual shopping feature with Hero | Mobile Marketer
Shopify's integration with Hero's virtual shopping features aims to give merchants a way to engage consumers with a more immersive experience as e-commerce surges during the coronavirus pandemic. Until shoppers are more comfortable visiting stores that are gradually reopening, they are likely to shop from home more often. U.S.
With the rise in e-commerce, retailers are using Hero to connect with customers, maintain key relationships and drive sales. In the past six months, more than 1 million shoppers have used Hero to connect with salespeople from nearby stores, making them 21 times more likely to buy products than they would if unassisted, per data cited by Hero. More than 80% of merchants that use Hero have been able to keep part or all of their store teams employed by using the platform to connect with shoppers.
Dow Jones Futures: Coronavirus Stock Market Rally Extended As Tesla, Amazon, Shopify, Zoom Surge
Dow Jones futures tilted higher late Monday, along with S&P 500 futures and Nasdaq futures. The coronavirus stock market rally had a strong session, as growth reclaimed leadership. But the stock market is already flashing warning signs, with the Nasdaq hitting or topping key channel lines.
Dow Jones tech giant IBM ( IBM ) and Cadence Design Systems ( CDNS ) reported earnings after the close. IBM stock and Cadence Design stock both rallied overnight on earnings beats. But IBM stock, though technically moving toward a buy point, has been a long-term laggard. CDNS stock is well extended.
Here's how you can make Shopify your side hustle to boost your income | Financial Post
Some might argue this is the worst time to launch a business, but every crisis comes with an opportunity for some. For many, that opportunity lies in e-commerce. Many people—the wise ones—are spending their time at home and avoiding most places. That means their shopping is happening online.
Getting started is easy. The key is building yourself a website that stands out from the rest. Shopify makes that simple. If that still sounds a little daunting, though, The Ultimate Shopify and Ecommerce Expert Bundle includes a course that can help. The "Shopify E-Commerce Websites for Beginner" course features 15 lessons all about setting up the website and even making graphics for it, too.
Shopify Rebounds From Support Level [Video]
Shopify rebounded powerfully from its 21-day line, like many other cloud software and other growth stocks. An aggressive trader could have bought some shares, but it's already extended now. 21-day rebounds have worked because the Nasdaq has found support there.
Happening on Twitter
Cloudflareでネットワークの50％がダウンする大規模障害、DiscordやFeedlyなどの大型サイトに影響 https://t.co/Lw4I3SIgK1 gigazine Mon Jul 20 07:00:13 +0000 2020
Details on how we caused an 23 min outage for~50% of @Cloudflare's network today. The root cause was a typo in a ro… https://t.co/5e7w9sZkbM eastdakota (from San Francisco, CA) Sat Jul 18 01:28:15 +0000 2020
Apparent Cloudflare outage knocks Discord, DownDetector and others offline https://t.co/rxz2bnkyjd https://t.co/fjdRtjlT3H engadget (from Global) Fri Jul 17 21:47:21 +0000 2020
Cloudflare appears to be having a major outage right now. Seems DNS related. Not clear the cause. They say they're… https://t.co/TNVpTT0F02 briankrebs (from krebsonsecurity @ gmail.com) Fri Jul 17 21:52:03 +0000 2020
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