But while that line of reasoning may still convince some investors — perhaps even more so now that the stock has gone through a significant pullback — Brian Madden of Goodreid Investment Counsel says now's not the time to be lured in, since neither the multiples nor the technical chart are looking too good for Shopify.
"This is a very important stock in the Canadian landscape and for a few months it was actually the biggest company in Canada, dramatically snatching that title from Royal Bank in the middle of last year as the pandemic advantaged their business and the provision of e-commerce traffic and activity, which of course is what they do." said Madden, senior vice president at Goodreid, who spoke on BNN Bloomberg on Monday.
US charges California man over Shopify data breach
A grand jury has indicted a California resident accused of stealing Shopify customer data on over a hundred merchants, TechCrunch has learned.
The indictment accuses Heinrich of paying an employee of a third-party customer support company in the Philippines to access parts of Shopify's internal network by either taking screenshots or uploading the data to Google Drive in exchange for kickbacks. Heinrich paid the employee in thousands of dollars' worth of cryptocurrency, and also fake positive reviews claiming to be from merchants to whom the employee had provided customer service but had not left feedback.
State asks eBay, Shopify, Twitter to curb sales of fake vaccination cards
LANSING, Mich. — Michigan A.G. Dana Nessel requests eBay, Shopify and Twitter to curb the sales of fake vaccination cards, according to the state attorney general's office.
"These cards look legitimate, but are anything but," says Nessel. "My colleagues and I are urging Twitter, eBay and Shopify to help prevent the sale of these phony cards and protect the public health."
Accept Сrypto on Shopify with NOWPayments | TechBullion
NOWPayments, a crypto payment gateway supporting over 70 cryptocurrencies as payment, donation and payout options, is thrilled to announce: you can now accept crypto on Shopify with our new Shopify plugin.
Merchants can choose to accept all 70+ cryptocurrencies supported or they can enter the wallets of their favourite ones. Regardless of whichever crypto clients pay with, business owners will be able to accept their designated currencies – with the help of the NOWPAyments auto coin exchange feature.
Today's Top Buy: Shopify Stock
Looking for a top-notch Canadian growth stock trading at a 25% discount to its 52-week high? Aren't we all.
The company's taken a hit of late, amid broader risks for growth stocks. Bond yields are up, and e-commerce stocks have seen some resistance of late as investors price in a resurgence of bricks-and-mortar sales on the horizon.
In recent weeks, bond yields have surged. The 10-year U.S. Treasury yield has broken through 1.7% and appears ready to continue higher. Indeed, inflation expectations are higher than ever, and there's reason for optimism on this front. If the U.S. economy reopens in a big way, the market believes we could see a rush of inflation the likes of which we haven't seen in some time.
Shopify Won't Build a Marketplace - Marketplace Pulse
“There’s an absolutely obvious playbook for Shop that I think everyone can see,” said Tobi Lütke, CEO of Shopify, during the fourth-quarter earnings call. The obvious playbook Tobi referenced is most likely a marketplace. He went on to say that Shopify doesn’t want to follow it.
The app doesn’t allow searching for “coffee” and discovering all Shopify merchants in the category. It doesn’t have rich content like video, nor it has reviews or social features. It won’t let users check out either. It’s a bookmarking app for Shopify merchants with only the most basic functionality.
Shopify Inc (TSX:SHOP): A Challenger Emerges!
Shopify Inc (TSX:SHOP)(NYSE:SHOP) is the world's second biggest e-commerce company by revenue. Second only to Amazon.com , it has become a market leader. In fact, it is the market leader in its specific niche–self hosted e-commerce.
But recently, a challenger has emerged –a new company that is posting high growth rates resembling Shopify in its early days. As of right now, it is still trailing Shopify by a wide margin, but it could easily catch up. If it does, its stock could reward investors handsomely. In this article, I'll explore this upstart company in detail and examine whether it has the potential to dethrone Shopify as the "King of e-commerce platforms."
Top Shopify Apps to Pay Attention to In 2021 > CEOWORLD magazine
Were you interested in building an eCommerce Store in 2021? Shopify is one of the best and easiest platforms to lay the foundation.
However, laying the foundation with Shopify is just the first step. Especially today, when the competition is cut-throat, and the business world is undergoing a crisis . That said, there are still multiple things that you can do to make your online store successful. One of those things is equipping your store with apps that make the store operations swift and straightforward for you.
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