So many scammers and fraudsters have infested Shopify that roughly a fifth of the e-commerce platform's stores pose a risk to customers, an analysis has found.
E-commerce authentication service Fakespot says it discovered red flags with nearly 26,000 of the 124,000 Shopify stores it examined. Some of the merchants are selling fake products or pirated media, while others snap up customers' data without delivering their orders at all, said Fakespot CEO Saoud Khalifah.
Were you following this:
This Simple but Brilliant Calendar Hack From Shopify's CEO Will Make Your 2021 Much More
There are a million and one clever calendar hacks out there to help you squeeze more productivity out of every hour of your day. But here's the thing with these systems and rules : They'll only make you more successful if you're scheduling the right things.
Just as with any productivity advice, it doesn't matter if you run super fast if you're heading in the wrong direction . Getting stuff done only matters if that stuff actually moves you toward your goals.
Shopify stores riddled with fakes and fraudsters
Nearly 21% of Shopify stores pose a risk to their customers, according to analysis by e-commerce authentication service Fakespot.
Shopify provides the technology backbone for businesses to set up a store and sell their products online.
The company has become valuable to small businesses during the Covid-19 pandemic, because its services are cheap and easy to set up.
Letterhead wants to be the Shopify of email newsletters – TechCrunch
With this business model and technology as a foundation, it launched or acquired newsletters in Seattle , Portland , Orlando and Pittsburgh . Through this process, it has continued to improve the tool itself.
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"We'd tell people that we used our own internal tools and they'd say 'oh, can we use those, too? And we'd say 'no, that's not what we're doing.' Eventually, we said no enough that we looked at each other and said, 'we should figure out how to get to yes on this.' And that's where Letterhead came from."
In case you are keeping track:
Shopify hosts thousands of fraudulent shops, analysis finds - National | Globalnews.ca
Shopify says it does "not condone the behavior of bad actors" after a Fakespot analysis found that more than 20 per cent of the Shopify stores it analyzed posed a risk to shoppers.
The analysis found that almost 26,000 of the over 124,000 Shopify stores it looked into were “related to fraudulent practices” and were flagged with a “caution” or “warning determination” by the Fakespot tool. Shopify hosts over a million stores.
Why Amazon Can't Beat Shopify
WASHINGTON, DC - JULY 29: Amazon CEO Jeff Bezos testifies before the House Judiciary Subcommittee on ... [+] Antitrust, Commercial and Administrative Law on Online Platforms and Market Power in the Rayburn House office Building, July 29, 2020 on Capitol Hill in Washington, DC. (Photo by Mandel Ngan-Pool/Getty Images)
Two of the most basic questions in business are: Who is your customer? How will you keep your current customers buying from you?
Etsy and Shopify Buoyed as Covid-19 Boosts Online Sales - WSJ
While the year has been a struggle for small businesses, some companies that host their transactions have been soaring.
Shares in Etsy Inc. and Shopify Inc., whose e-commerce platforms primarily cater to small businesses, have surged during the pandemic. Etsy has more than quadrupled this year, while Shopify has tripled.
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Shopify trades at about 350 times analyst expectations for forward earnings, while Etsy's forward multiple is about 90 times. By comparison, tech giants such as Apple Inc. and Amazon.com Inc. trade at about 35 times and 70 times forward earnings, respectively.
Shopify Investors Have Been on a Buying Spree - RealMoney
Shopify ( SHOP ) is trading around 7% higher Tuesday and, of course, there is no resistance around. What's the outlook and the condition of the indicators?
CMPS may be a company representing the true cannabis 2.0. The irony in that is it isn't a cannabis company but rather a play on psilocybin.
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Here's my take on the what to expect into 2021 for rates, the Fed, inflation and the economy overall.
Happening on Twitter
One in five Shopify stores reportedly pose a risk to shoppers https://t.co/g1bw6VwwC8 https://t.co/ojMLcnXLwk nypost (from New York, NY) Wed Dec 23 13:09:09 +0000 2020
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