The Canadian e-commerce is also included in Cathie Woods' ARK Invest, where she recently purchased 18,184 shares of Shopify or around 0.5059% of the ETF. Recently, Evercore ISI issued an "in-line" rating for SHOP stock with a $1360 price target. The stock has gained 205% in the last twelve months.
The ecommerce boom was already in progress when the coronavirus crisis hit. Billions of consumers worldwide started using online services amid lockdowns, travel bans, and store closures. To capture this huge user base, the world's biggest retailers, small businesses and people who wanted to sell their products online scrambled to make online stores and increase their digital presence. The biggest companies that use Shopify are expanding their multi-channel presence.
Man Indicted on Charges of Stealing Shopify Customer and Merchant Data
A California man has been charged with aggravated identity theft and conspiracy to commit wire fraud for stealing Shopify customer and merchant data.
During the scheme, which lasted at least a year, Heinrich worked with an accomplice, who was a customer support agent authorized to use Shopify's internal network, the indictment said.
Heinrich paid the agent in thousands of dollars of cryptocurrency, according to the indictment, which documented the payments.
Class action lawsuit filed against crypto wallet firm Ledger, Shopify over 2020 customer data
Ledger and Shopify, which handles the online sales of Ledger's wallets, have been hit with a class action over last year's data breach.
The lawsuit, the first to be filed in response to the information leak, comes from law firm Roche Freedman, which filed the complaint in a San Francisco court on April 6. The firm is known for its class actions against crypto firms such as Binance, Tron and iFinex , the parent company of Tether and Bitfinex. Last week, Roche Freedman filed a lawsuit on behalf of a customer of Nexo, as reported by Law360 .
California man indicted for stealing Shopify customer data - The Verge
Heinrich is charged with identity theft and conspiracy to commit wire fraud; his two co-conspirators, based in Portugal and the Philippines, were not charged. Shopify didn't immediately respond to a request for comment.
Shopify acknowledged last year that two "rogue members" of its support team had breached customers' security. It said the incident affected fewer than 200 merchants and emphasized that the breach stemmed from employees abusing their access rather than a technical vulnerability. The BBC reported that one of the merchants was Kylie Jenner's makeup company Kylie Cosmetics.
'Mad Money' Lightning Round: Callaway Golf, Shopify, Chewy - TheStreet
Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Wednesday evening:
The S&P 500 gained 0.15% to close at a record 4,079, while the Dow Jones Industrial Average ticked up 16 points, or 0.05%, to 33,446. The Nasdaq edged down 0.07% to 13,688.
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener .
Shopify to Announce First-Quarter 2021 Financial Results April 28, 2021
Internet, Everywhere--(Newsfile Corp. - April 7, 2021) - Shopify Inc. (NYSE: SHOP) (TSX: SHOP), a leading global commerce company, plans to announce financial results for its first quarter ended March 31, 2021 before markets open on Wednesday, April 28, 2021.
The e-commerce company should see slower growth this year but continues to work on improving its platform capabilities.
Shopify Charts Point Higher but There's Risk in Buying Here - RealMoney
The Mad Money "Lightning Round" Wednesday evening did not disappoint viewers as Jim Cramer fielded questions from viewers. One caller asked about Shopify ( SHOP ) : "This is a chance to buy this company well off its high. You want to own it," replied Cramer.
We last looked at the charts of SHOP back on March 18 where we wrote that "It was a great or lucky move to take profits around $1,500. Prices have declined and the 200-day moving average line has held but that might be a temporary situation with the yield on Treasury bonds rising. I would take a wait and see attitude with SHOP for now."
HiConversion Again Secures Coveted Shopify Plus Certified App Designation
HiConversion, the eCommerce Intelligence™ platform enabling real-time experience personalization and optimization for online retailers, today announces it has received approval for another year of participation in the Shopify Plus Certified App Program. HiConversion, which served as one of Shopify's first partners to be certified, begins its second year in the Shopify program, which supports its largest merchants with apps and solutions needed to build and scale their businesses.
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